Foreign Investment Reform (Protecting Australia's National Security) Regulations 2020 (F2020L01568)

Schedule 5   Compliance

Foreign Acquisitions and Takeovers Regulation 2015

1   At the end of Subdivision A of Division 4 of Part 3

Add:

41B Exemption from requirement to notify after no objection notification or exemption certificate is given

Sections 98C, 98D and 98E of the Act do not apply in relation to a core Part 3 action that is any of the following:

(a) an acquisition of an interest in residential land;

(b) an acquisition of an interest in commercial land.

Note: Core Part 3 action is defined in section 4 of the Act.