Foreign Acquisitions and Takeovers Amendment (Exemptions and Other Measures) Regulations 2017 (F2017L00811)
Schedule 3 Miscellaneous
Foreign Acquisitions and Takeovers Regulation 2015
1 Subsection 10(2)
Repeal the subsection, substitute:
(2) Despite subsection (1), if a foreign government investor carries on an Australian business, the foreign government investor does not start an Australian business merely because the foreign government investor, alone or together with one or more persons, establishes a new entity:
(a) that carries on the same Australian business; or
(b) for the purposes of acquiring interests in assets of the same Australian business.
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