Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 43

    An action is a significant action if:

  (a)   the action is for a foreign person to acquire an interest in Australian land; and

  (b)   the threshold test is met in relation to the land (see Subdivision B of Division   4).

Note:   Certain acquisitions of land by foreign persons may not be significant actions (see section   45).