House of Representatives

Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020

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

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ACCC Australian Competition and Consumer Commission
APS Australian Public Service
ATO Australian Taxation Office
Commissioner Commissioner of Taxation
FATA Foreign Acquisitions and Takeovers Act 1975
FATA Fees Act Foreign Acquisitions and Takeovers Fees Imposition Act 2015
FATR Foreign Acquisitions and Takeovers Regulation 2015

Fee Regulation Foreign Acquisition and Takeovers Fee Imposition Regulation 2015
FIRB Foreign Investment Review Board
ICCPR International Covenant on Civil and Political Rights
Imposition Bill Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020
Agricultural Land and Water Register Act Register of Foreign Ownership of Water or Agricultural Land Act 2015
Regulatory Powers Act Regulatory Powers (Standard Provisions) Act 2014
SES Senior Executive Service
TAA Taxation Administration Act 1953
the Bill Foreign Investment Reform (Protecting Australia's National Security) Bill 2020
The Guide The Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers


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