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.
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