Common Contracts

Agreement Establishing the ASEAN–Australia–New Zealand Free Trade Area AUSTRALIA’S SCHEDULE OF SPECIFIC SERVICES COMMITMENTS

January 5th, 2021

• Filed
  January 5th, 2021

ALL SECTORS INCLUDED IN THIS SCHEDULE 3) Under Australia’s foreign investment policy, which comprises the Foreign Acquisitions and Takeovers Act 1975 (FATA); Foreign Acquisitions and Takeovers Regulations; and Ministerial Statements, the following investment activities require notification and prior approval from the Australian Government: acquisitions by ‘foreign persons1’ of ‘substantial interests2’ in existing Australian businesses with total assets of $A50 million or more; proposals by ‘foreign persons’ to take over offshore companies whose Australian subsidiaries or gross assets account for 50 per cent or more of the target company’s global assets and are valued at $A50 million or more; proposals by ‘foreign persons’ to take over offshore companies whose Australian subsidiaries or gross assets account for less than 50 per cent of the target company’s global assets and are valued at more than $A200 million; proposals by ‘foreign persons’ to establish new businesses in A