Foreign Acquisitions and Takeovers Regulation 2015 (Cth)

PART 3 - EXEMPTIONS  

Division 5 - Exemptions from other specified provisions  

SECTION 48  

48   TRACING OF SUBSTANTIAL INTERESTS IN CORPORATIONS, TRUSTS AND UNINCORPORATED LIMITED PARTNERSHIPS  
Subsection 19(3) of the Act does not apply in relation to a significant action or notifiable action taken by a foreign government investor.

Note: The effect of this section is that, for an action taken by a foreign government investor, section 19 of the Act (tracing of substantial interests in corporations, trusts and unincorporated limited partnerships) applies in the circumstances specified in subsection 19(3) of the Act.

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