Foreign Acquisitions and Takeovers Amendment Regulations 2022 (F2022L00465)

Schedule 1   Amendments

Part 5   Meaning of rights issue

Foreign Acquisitions and Takeovers Regulation 2015

14   Paragraph 41(2)(a)

Repeal the paragraph, substitute:

(a) the person's acquisition of the interest is under, and the interest has not been previously offered for issue under, any of the following:

(i) a rights issue (within the meaning of the Corporations Act 2001);

(ii) a rights issue (within the meaning of a law of a foreign country or a part of a foreign country) if the issue is regulated by a law of that foreign country or that part of a foreign country;

(iii) an issue of securities that is similar to a rights issue (within the meaning of the Corporations Act 2001) and is an issue of a kind covered by an instrument made by ASIC under that Act; or