Business Law Section

Consultation Paper on the Foreign Investment Framework

The submission to the Treasury in response to the Consultation Paper on Foreign Investment Framework 2017 Legislative Package was prepared by the Foreign Investment Committee of the Business Law Section.

The Committee understands that the Commonwealth Government intends to focus on the areas of residential land, non-vacant commercial land, low sensitivity business investment and fees. While it is not proposed to amend the Foreign Acquisitions and Takeovers Act 1975 (“FATA”), the Committee understands that the Commonwealth Government is open to amending the Foreign Acquisitions and Takeovers Regulations 2015 as well as the process under which applications are assessed.

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