Foreign Acquisitions and Takeovers Amendment (Threshold Test) Regulations 2020 (F2020L00435)

Schedule 1   Amendments

Foreign Acquisitions and Takeovers Regulation 2015

4   Part 4

Repeal the Part, substitute:

Part 4 - Thresholds

49 Simplified outline of this Part

Certain actions are only significant actions or notifiable actions if the threshold test is met.

This Part prescribes nil as the value for that test. Some land has no threshold value.

51 Taking action in relation to entities and businesses (including agribusinesses)

For the purposes of section 51 of the Act, the prescribed value is nil.

52 Land

(1) For the purposes of subsection 52(1) of the Act, all land other than agricultural land is prescribed.

(2) For the purposes of paragraph 52(2)(b) of the Act, the prescribed value is nil.