Commonwealth Consolidated Regulations

FOREIGN ACQUISITIONS AND TAKEOVERS REGULATIONS 1989 - REG 11

         (1)   For paragraph 17G (b) of the Act, the conditions are that:

                (a)    the entity mentioned in section 17G of the Act ( entity 1 ) is not:

                          (i)    a body politic of a foreign country; or

                         (ii)    a body politic of part of a foreign country; or

                         (iii)    a part of a body politic of a foreign country or part of a foreign country; and

               (b)    either:

                          (i)    entity 1 is controlled by another entity ( entity 2 ); or

                         (ii)    an entity ( entity 2 ) holds an interest in entity 1 that satisfies the condition specified in regulation 10 for paragraph 17F (c) of the Act; and

                (c)    entity 2 is:

                          (i)    a body politic of a relevant foreign country; or

                         (ii)    a body politic of part of a relevant foreign country; or

                         (iii)    a part of a body politic of a relevant foreign country or part of a relevant foreign country.

         (2)   In subregulation (1):

"relevant foreign country" means the United States of America.