FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 37 Regulations providing for exemptions
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 37
Regulations providing for exemptions(1) The regulations may provide that this Act, or specified provisions of this Act, do not apply in relation to any of, or any combination of, the following:
(a) acquisitions of the kind or in the circumstances prescribed by the regulations;
(b) interests of the kind or in the circumstances prescribed by the regulations;
(c) Australian businesses of the kind or in the circumstances prescribed by the regulations;
(d) foreign persons of the kind or in the circumstances prescribed by the regulations.
Note: Provisions may be specified by referring to:
(a) a particular provision; or
(b) this Act, other than specified provisions.
(2) Without limiting subsection (1), the regulations may provide that specified provisions of the Act do not apply to a specified extent.
(3) Without limiting subsection (1), the regulations may provide that land of a specified kind is not agricultural land.
(4) The regulations may provide that specified foreign persons who take action in relation to interests in Australian land may disregard the fact that the land is agricultural land for all or specified purposes.
(5) Regulations providing as mentioned in subsection (4) do not affect the operation of this Act to the extent that the action is otherwise a significant action or notifiable action.
(6) Regulations made for the purposes of this section have effect according to their terms.
(7) This Act does not limit the regulations that may be made for
the purposes of this section.