Proposed legislative reforms to Australia's foreign
investment regime will affect deal-making for private equity firms.
There are, however, pros and cons for private equity funds within
the suite of proposed changes.
The Australian treasurer has announced major reforms to
Australia's foreign investment regime.
The proposed reforms represent arguably the most significant
change to the Foreign Acquisitions and Takeovers Act
(Cth) (the Act) since its
inception. Underpinning the reforms is a desire of the government
to strike the right balance between protecting Australia's
interests from a national security perspective whilst also ensuring
that it remains an attractive destination for inbound foreign
investment.
