Foreign Acquisitions and Takeovers Amendment (India Free Trade Agreement) Regulations 2022 (F2022L01506)

3A

land described in paragraph 52(3)(a) of the Act that:

(a) is commercial land that is not vacant; and

(b) is not covered by item 3 of this table; and

(c) is being acquired by an enterprise, or a national, of the Republic of India:

(i) that is not a foreign government investor; and

(ii) that a reasonable person would conclude (having regard to all the circumstances) genuinely intends to use the land, as soon as practical after it is acquired and throughout the period that the enterprise or national holds the interest in the land, predominantly for the supply of a service through a commercial presence in Australia

500