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

Schedule 3   Reinstating monetary thresholds

Foreign Acquisitions and Takeovers Regulation 2015

2   After subsection 38(4)

Insert:

Acquisition of interests in residential land used for residential care, retirement villages and certain forms of student accommodation

(5) All of the following apply:

(a) the land is used for:

(i) premises that provide for residential care; or

(ii) a retirement village; or

(iii) premises that provide accommodation to students in connection with an education institution that is not a school;

(b) the foreign person is not a foreign government investor;

(c) the value of the land acquired is less than:

(i) if the land is covered by paragraphs 52(6)(b) and (c) - the value prescribed by item 3 of the table in subsection 52(5); or

(ii) otherwise - the value prescribed by item 4 of the table in subsection 52(5).

Note: A value prescribed by an item in the table in subsection 52(5) may be indexed under section 58.