Commonwealth Numbered Regulations Commonwealth Numbered Regulations| - Registered on FRLII: | 01 December 2006 10:25:48 AM |
| - Department: | Treasury |
| - Description: | These Regulations amend the Foreign Acquisitions and Takeovers Regulations 1989 to update three sets of screening thresholds for the Foreign Acquisitions and Takeovers Act 1975. They raise the general asset threshold to A$100 million and certain special thresholds for US investors to A$100 million (indexed). They also exempt foreign offshore takeovers where the target company has less than A$200 million of assets in Australia and more than 50% of its total assets overseas. |
TABLE OF PROVISIONS
1. Name of Regulations
2. Commencement
3. Amendment of Foreign Acquisitions and Takeovers Regulations 1989
SCHEDULE 1 Amendments