Commonwealth Numbered Regulations

FOREIGN ACQUISITIONS AND TAKEOVERS AMENDMENT (COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS-PACIFIC PARTNERSHIP IMPLEMENTATION) REGULATIONS 2018 (F2018L01389) - SCHEDULE 1

Foreign Acquisitions and Takeovers Regulation 2015

1  Section 5 (at the end of the definition of agreement country )

Add:

                   ; (h)  a country (other than Australia) for which the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, done at Santiago on 8 March 2018, is in force.

Note:          The Agreement mentioned in paragraph (h) could in 2018 be v iewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

2  In the appropriate position in Part 7

Insert:

72   Application of the Foreign Acquisitions and Takeovers Amendment (Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation) Regulations 2018

                   The amendments made by the Foreign Acquisitions and Takeovers Amendment (Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation) Regulations 2018 apply in relation to an action that:

                     (a)  is taken by an entity (within the ordinary meaning of the term) that:

                              (i)  is an enterprise or a national of a country other than Australia; and

                             (ii)  is not a foreign government investor; and

                     (b)  is taken both:

                              (i)  on or after the commencement of those Regulations; and

                             (ii)  during the period the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, done at Santiago on 8 March 2018, is in force for that other country.

Note:          That Agreement could in 2018 be v iewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).