10 December 2009

Amendments to FAT Act and Regulations

Complex Arrangements On 12 February 2009, the Federal Treasurer, Wayne Swan MP, announced proposed changes to Australia’s foreign investment regime. The Foreign Acquisitions and Takeovers Amendment Bill 2009 (Cth) was passed by the House of Representatives on 23 November 2009 and is currently before the Senate. Broadly, the purpose of the Bill is to amend the Foreign Acquisitions and Takeovers Act 1975 (Cth) to cover a broader range of foreign investments irrespective of their structuring. The amendments if passed by the Senate will have retrospective effect from 12 February 2009. Revised Thresholds On 4 August 2009, the Federal Treasurer announced important amendments to the Foreign Acquisitions and Takeovers Regulations 1989 through the Foreign Acquisitions and Takeovers Legislation Amendment Regulations 2009 (No. 1). This article reviews the changes and the effect on foreign investment in Australia. Media contacts: Peter Slattery, Managing Partner Phone. +61 8 8239 7114 Mobile. +61 419 819 348 Email. peter.slattery@jws.com.au Andrea Shaw, Communications Manager Phone. +61 8 8239 7148 Mobile. +61 412 711 966 Email. andrea.shaw@jws.com.au

Download: Amendments to the FAT Act and Regulations.pdf (60 Kb)

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