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Foreign Acquisitions and Takeovers Amendment Regulations 2006 (No. 2)

Authoritative Version
  • - F2006L03836
  • No longer in force
SLI 2006 No. 316 Regulations as made
These Regulations amend the Foreign Acquisitions and Takeovers Regulations 1989 to update three sets of screening thresholds for the Foreign Acquisitions and Takeovers Act 1975. They raise the general asset threshold to A$100 million and certain special thresholds for US investors to A$100 million (indexed). They also exempt foreign offshore takeovers where the target company has less than A$200 million of assets in Australia and more than 50% of its total assets overseas.
Administered by: Treasury
Registered 01 Dec 2006
Tabling HistoryDate
Tabled HR04-Dec-2006
Tabled Senate05-Dec-2006
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Foreign Acquisitions and Takeovers Amendment Regulations 2006 (No. 2)1

Select Legislative Instrument 2006 No. 316

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Foreign Acquisitions and Takeovers Act 1975.

Dated 30 November 2006

P. M. JEFFERY

Governor‑General

By His Excellency’s Command

CHRIS PEARCE

1              Name of Regulations

                These Regulations are the Foreign Acquisitions and Takeovers Amendment Regulations 2006 (No. 2).

2              Commencement

                These Regulations commence on the day after they are registered.

3              Amendment of Foreign Acquisitions and Takeovers Regulations 1989

                Schedule 1 amends the Foreign Acquisitions and Takeovers Regulations 1989.

Schedule 1        Amendments

(regulation 3)

  

[1]           Subregulation 4 (1)

omit

$50,000,000

insert

$200 000 000

[2]           Subregulation 4 (2)

omit

$50,000,000

insert

$200 000 000

[3]           Subregulation 5 (1)

omit

$50,000,000

insert

$100 000 000

[4]           Subregulation 5 (2)

omit

$50,000,000

insert

$100 000 000

[5]           Subregulation 5 (3)

omit

$50,000,000

insert

$100 000 000

[6]           Subregulation 5 (4)

omit

$50,000,000

insert

$100 000 000

[7]           Regulation 6, table, item 1, column 3, paragraph (a)

substitute

 

 

 

   (a)  For the calendar year 2006 — $52 000 000; or

(aa)  For the calendar year 2007 — $100 000 000; or

[8]           Regulation 6, table, item 2, column 3, paragraph (a)

substitute

 

 

 

   (a)  For the calendar year 2006 — $52 000 000; or

(aa)  For the calendar year 2007 — $100 000 000; or

[9]           Regulation 6, table, item 5, column 3, paragraph (a)

substitute

 

 

 

   (a)  For the calendar year 2006 — $52 000 000; or

(aa)  For the calendar year 2007 — $100 000 000; or

[10]         Subregulation 13 (2), definition of earlier GDP implicit price deflator value

omit

[11]         Subregulation 13 (3), formula

omit

earlier GDP implicit price deflator value.

insert

100

Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.