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.
This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.