Foreign Acquisitions and Takeovers Amendment Regulations 2022 (F2022L00465)

Schedule 1   Amendments

Part 6   Foreign custodian corporations

Foreign Acquisitions and Takeovers Regulation 2015

18   Paragraphs 30(d) and (e)

Repeal the paragraphs, substitute:

(d) the equitable interests (other than a right covered by subsection (2)) in the securities, assets, trust, land or tenement are not held by the foreign person; and

(e) if voting rights are associated with the subject interest - the foreign person exercises those voting rights only at, or in accordance with, the direction of:

(i) another person that is providing custodian services to a person in relation to the holding of the subject interest; or

(ii) the holder of an equitable interest in the securities, assets, trust, land or tenement that is receiving custodian services that are related to that equitable interest.