Federal Register of Legislation - Australian Government

Primary content

Regulations as made
These regulations amend the Foreign Acquisitions and Takeovers Regulation 2015 to implement terms agreed to in the Agreement to Amend the Singapore Australia Free Trade Agreement signed by Australia and Singapore on 13 October 2016, namely, the higher foreign investment screening thresholds granted to Singapore
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 31
Registered 20 Nov 2017
Tabling HistoryDate
Tabled Senate27-Nov-2017
Tabled HR04-Dec-2017
Date of repeal 02 Dec 2017
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

 

Foreign Acquisitions and Takeovers Amendment (Amendments of Singapore‑Australia Free Trade Agreement) Regulations 2017

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 16 November 2017

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Scott Morrison

Treasurer

 

 

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Foreign Acquisitions and Takeovers Regulation 2015                                                                  2

 


1  Name

                   This instrument is the Foreign Acquisitions and Takeovers Amendment (Amendments of Singapore-Australia Free Trade Agreement) Regulations 2017.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The later of:

(a) the day after this instrument is registered; and

(b) the day the Agreement between the Government of Australia and the Government of the Republic of Singapore:

(i) to amend the Singapore‑Australia Free Trade Agreement, done at Singapore on 17 February 2003; and

(ii) done at Canberra on 13 October 2016;

      enters into force for Australia.

However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.

The Minister must announce, by notifiable instrument, the day the amending Agreement enters into force for Australia.

1 December 2017

(F2018N00156) (paragraph (b) applies)

Note 1:       This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

Note 2:       The amending Agreement could in 2017 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

Note 3:       The Agreement referred to in subparagraph (b)(i) of the table is in Australian Treaty Series 2003 No. 16 ([2003] ATS 16) and could in 2017 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Foreign Acquisitions and Takeovers Act 1975.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Foreign Acquisitions and Takeovers Regulation 2015

1  Section 5 (at the end of the definition of agreement country)

Add:

                   ; (g)  Singapore.

2  Subsections 40(2) and (3)

Omit “Singapore or”.

3  Subsection 52(4) (note)

Omit “Singapore or”.

4  Subsection 52(5) (table item 2)

Omit “Singapore or”.

5  Subsection 53(1) (note)

Omit “Singapore or”.

6  In the appropriate position in Part 7

Insert:

69  Application of Foreign Acquisitions and Takeovers Amendment (Amendments of Singapore‑Australia Free Trade Agreement) Regulations 2017

                   The amendments made by the Foreign Acquisitions and Takeovers Amendment (Amendments of Singapore‑Australia Free Trade Agreement) Regulations 2017 apply in relation to significant actions, and notifiable actions, taken on or after the day the amending Agreement referred to in paragraph (b) of item 1 of the table in subsection 2(1) of those Regulations enters into force for Australia.