The Federal Treasurer has announced temporary changes to the foreign investment review framework to protect Australia's national interest as the country deals with COVID-19. These changes are expected to remain in place for the duration of the pandemic and will allow the Federal Government to safeguard the national interest by overseeing all relevant proposed investment proposals.
In this factsheet, we wrap-up these key changes and summarise the impact of the announced changes on acquisitions of "substantial interests" in Australian entities or business and on land proposals.
Click here to read the full piece.
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.