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ARTICLE · 05 OCTOBER 2020

Foreign investment regime after 1 January 2021 - Exposure draft released (Part 1)

Colin Biggers & Paisley
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An overview of key changes in part one of the government's proposed reforms to Australia's foreign investment framework.

AustraliaGovernment, Public Sector
Alex Rhydderch
Alex Rhydderch
Connie Chen
Connie Chen
Justin Liang
Justin Liang

In brief - An overview of the key changes in part one of the government's proposed reforms to Australia's foreign investment framework

On 31 July 2020, the Treasurer released the exposure draft bill to implement its proposed reforms to Australia's foreign investment framework. These reforms are scheduled to commence on 1 January 2021, and will replace the temporary measures in response to the COVID-19 pandemic introduced in March this year.

See our March 2020 article, COVID - 19 pandemic response: Australia dramatically tightens foreign investment rules, regarding details of those temporary pandemic measures, and our June 2020 article, Further dramatic changes to Australian foreign investment rules, regarding the announcement on the reforms foreshadowed by the Treasurer on 5 June 2020.

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