Introduction
On 29 March 2020 the Commonwealth Government announced that due
to the impacts of COVID-19 the monetary screening thresholds for
all foreign investment subject to the Foreign Acquisitions and
Takeovers Act 1975 (Cth) (FATA) had been
temporarily reduced to $0.
This was done because the Commonwealth Government, whilst
recognising that foreign investment remains vital to
Australia's long term economic success and stability,
considered that temporary changes were necessary to safeguard the
national interest as COVID-19 puts intense pressure on the
Australian economy and business.
Changes introduced
The reduction in the monetary screening threshold to $0 has been
effected by the Foreign Acquisitions and Takeovers Amendment
(Threshold Test) Regulations 2020 (Cth) (FATA Amending
Regulations).
