Foreign Acquisitions and Takeovers Act 1975
PART 2
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ACTIONS TO WHICH THIS ACT APPLIES
Division 2
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Meaning of significant action
SECTION 43
43
MEANING OF
SIGNIFICANT ACTION
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LAND
An action is a significant action if:
(a) the action is for a foreign person to acquire an interest in Australian land; and
(b) the threshold test is met in relation to the land (see Subdivision B of Division 4 ).
View history note
Hide history noteAn action is a significant action if:
(a) the action is for a foreign person to acquire an interest in Australian land; and
(b) the threshold test is met in relation to the land (see Subdivision B of Division 4 ).
Note: Certain acquisitions of land by foreign persons may not be significant actions (see section 45 ).
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