Temporary changes to Australia's foreign investment review
framework were effective as at 10.30pm, by legal time in the ACT,
on 29 March 2020 (Effective Time). The changes
were made in response to the economic impact caused by the COVID-19
pandemic.
Key changes and implications
Key changes to the foreign investment review framework and their
implications are summarised below.
Reduction in monetary threshold for all notifiable and
significant actions taken after the Effective Time to zero
Under Australia's foreign investment review framework:
- all notifiable actions (as defined under the Foreign
Acquisitions and Takeovers Act 1975 (Cth) (FATA
Act)) taken by foreign persons must be subject to approval
by the Treasurer; and
