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Mogged
Foreign affairs & tradeAgency

Invest Australia

1997 – 1 July 2008

The Commonwealth's inward investment promotion agency, attracting foreign direct investment to Australia and facilitating major investment projects.

How it came into existence

Established in 1997 within the Department of Industry, Science and Tourism as the national investment promotion agency, from the department's investment promotion and facilitation work.

Changes during its life

  1. 21 October 1998Became part of the Department of Industry, Science and Resources.
  2. 26 November 2001Became part of the Department of Industry, Tourism and Resources.
  3. 3 December 2007Became part of the Department of Innovation, Industry, Science and Research.

How it ended

Merged into the Australian Trade Commission (Austrade) on 1 July 2008, bringing trade and investment promotion together in one agency.

Main functions

  • Attracting foreign direct investment
  • Facilitation of major investment projects
  • Overseas investment promotion
  • Investment advice to government

Where it sits

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Sources