Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)

Schedule 1   Main amendments

Part 1   Amendment of the Foreign Acquisitions and Takeovers Act 1975

Foreign Acquisitions and Takeovers Act 1975

31   After section 11

Insert:

11A Meaning of interest in an unincorporated limited partnership

A person holds an interest in an unincorporated limited partnership if the person:

(a) is in a position to control all or any of the voting power or potential voting powerin the partnership; or

(b) is entitled to any or all of the distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or

(c) is entitled to any or all of the distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.

Note: See also section 19 (tracing of substantial interests in corporations, trusts and unincorporated limited partnerships).