Foreign Acquisitions and Takeovers Act 1975

PART 2 - ACTIONS TO WHICH THIS ACT APPLIES  

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History

Pt 2 heading substituted by No 114 of 2020, s 3, Sch 1[55] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

Pt 2 substituted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Division 4 - The threshold test and change in control  

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Div 4 inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Subdivision D - Regulations  

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Subdiv D inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

SECTION 55   REGULATIONS  

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55(1)    
Regulations made for the purposes of this Part may prescribe any of, or any combination of, the following:

(a) values of nil;

(b) different values for different kinds of entities, businesses or land;

(c) different values for different kinds of foreign persons;

(d) different values for:

(i) sensitive businesses generally; or

(ii) different sensitive businesses for different foreign persons.

Note: Regulations may also provide for indexation (see subsection 139(2) ).

55(2)    
The paragraphs and subparagraphs in subsection (1) do not limit:

(a) each other; or

(b) the regulations that may be made for the purposes of this Part; or

(c) subsection 33(3A) of the Acts Interpretation Act 1901 .

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S 55 inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

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