Australia-Banner-1900-x-500

COVID-19 Guidance Note on changes to the foreign investment framework

Andrew Parlour, Rory Maguire & Jaqueline Wilson
In our 7 April 2020 Alert titled COVID-19 Update: What you need to know about temporary changes to Australia’s Foreign Investment Framework we discussed the Morrison Governments’ temporary changes to the foreign investment review framework in which the existing thresholds for foreign investments in Australia which are subject to the Foreign Acquisitions and Takeovers Act 1975 (Act) were removed.

Treasury has recently released Guidance Note 53 – Temporary measures in response to the coronavirus which provides further information and sets out some examples of how the temporary changes could apply for different acquisitions.

Further information

Russell Kennedy is well placed to assist existing and pending applicants navigate the temporary adjustment of threshold limits and change in application process.

If you require further information please contact Andrew Parlour or Rory Maguire from our Corporate & Commercial Advisory and Mergers and Acquisitions teams or Mark McKinley from our Property & Development team.

If you would like to keep up to date with Alerts, Insights and upcoming events, you can subscribe to our mailing list here.

View related insights

Finance-stock-exchange-360x240

New requirements for Directors – Director Identification Numbers

12 Aug 2020

The Commonwealth Parliament recently passed legislation for a new register of directors of Australian companies. Under the Commonwealth Registers Act 2020, directors will be required to register and ...

View
COVID---19-360x240

COVID-19 Insolvency Update: Safe Harbour - Weathering the Storm

29 Jul 2020

Following the recently announced extension of the JobKeeper programme and the Federal Government’s Budget Update, we revisit the relief measures available to corporations experiencing financial distre ...

View
australia-globe-thumb-360x240

Reforming Australia’s foreign investment review framework

16 Jun 2020

The Australian Government has announced proposed changes to Australia’s foreign investment review framework to address existing and emerging national security risks arising from foreign ownership. Th ...

View