Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 17E

             (1)  An entity is a prescribed foreign investor if:

                     (a)  the conditions specified in the regulations are satisfied in relation to the entity; and

                     (b)  the entity is not a foreign government investor.

             (2)  The conditions specified in the regulations for the purposes of subsection (1) may include any or all of the following kinds of conditions:

                     (a)  a condition that the entity be a national of a specified foreign country;

                     (b)  a condition that the entity be incorporated under the law of a specified foreign country, or a specified part of a foreign country;

                     (c)  a condition that the entity be constituted or organised under the law of a specified foreign country, or a specified part of a foreign country.

Note:          For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .

             (3)  Subsection (2) does not limit the regulations that may be made for the purposes of subsection (1).

             (4)  In this section:

"entity" includes an individual.