Foreign Acquisitions and Takeovers Amendment (Interfunding Exemption) Regulations 2024 (F2024L01603)

Schedule 1   Amendments

Foreign Acquisitions and Takeovers Regulation 2015

5   At the end of Division 4 of Part 5B

Add:

58KA Exemption for Register purposes for certain acquisitions

For the purposes of paragraph 37(1)(a) of the Act, Part 7A of the Act does not apply in relation to an acquisition of an interest in securities in an entity (including securities in a land entity) mentioned in subsection 41(2) of this instrument.

58KB Exemption for Register purposes for actions by foreign persons in which foreign custodian corporations have interests

For the purposes of subsection 37(1) of the Act, Part 7A of the Act does not apply in relation to any action taken by a foreign person mentioned in subsection 41A(2) of this instrument.