Foreign Acquisitions and Takeovers Amendment Regulations 2009 (No. 1)1
Select Legislative Instrument 2009 No. 245
I, QUENTIN BRYCE, 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 17 September 2009
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
WAYNE SWAN
1 Name of Regulations
These Regulations are the Foreign Acquisitions and Takeovers Amendment Regulations 2009 (No. 1).
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.
4 Application of amendments
The amendments made by Schedule 1 apply on and after the day on which these Regulations commence.
Schedule 1 Amendments
(regulation 3)
[1] Regulations 4 and 5
substitute
4 Prescribed corporations — value of assets of foreign corporation
For a provision of section 13 of the Act mentioned in the following table, the amount is set out in the table:
| Item | Provision | Amount |
| 1 | paragraph 13 (1) (d) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
| 2 | paragraph 13 (1) (e) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
5 Exempt dealings — value of assets
(1) For a provision of the definition of exempt corporation in subsection 13A (4) of the Act mentioned in the following table, the amount is set out in the table:
| Item | Provision | Amount |
| 1 | subparagraph (b) (i) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
| 2 | subparagraph (b) (ii) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
(2) For a provision of the definition of exempt business in subsection 13A (4) of the Act mentioned in the following table, the amount is set out in the table:
| Item | Provision | Amount |
| 1 | paragraph (a) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
| 2 | paragraph (b) | (a) For the calendar year 2009 — $219 000 000; or (b) For any other calendar year — the amount worked out under regulation 13 |
[2] Regulation 6, table, item 1, column 3, paragraphs (a) and (aa)
substitute
| (a) For the calendar year 2009 — $219 000 000; or |
[3] Regulation 6, table, item 5, column 3, paragraphs (a) and (aa)
substitute
| (a) For the calendar year 2009 — $219 000 000; or |
[4] Subregulation 13 (1)
omit
regulation 3, 6 or 7
insert
regulation 3, 4, 5, 6 or 7