Commonwealth Numbered Regulations

FOREIGN ACQUISITIONS AND TAKEOVERS REGULATION 2015 (SLI NO 217 OF 2015) - REG 31

             (1)  The excluded provisions do not (subject to subsection (2)) apply in relation to an Australian business that is carried on (whether alone or together with one or more other persons) by, or an acquisition of an interest in Australian land from, any of the following persons:

                     (a)  the Commonwealth, a State, a Territory or a local governing body;

                     (b)  an entity wholly owned by the Commonwealth, a State, a Territory or a local governing body.

             (2)  However, this section does not apply in relation to an acquisition of an interest by a foreign government investor.