Foreign Acquisitions and Takeovers Amendment (Commercial Land Lease Threshold Test) Regulations 2020 (F2020L01131)

Schedule 1   Amendments

Foreign Acquisitions and Takeovers Regulation 2015

1   Section 49

Omit:

This Part prescribes nil as the value for that test. Some land has no threshold value.

substitute:

Nil is the value for that test in several circumstances.

Some land has no threshold value.

There is a threshold value that is more than nil for some interests in commercial land that is not vacant.