Commonwealth Numbered Regulations

FOREIGN ACQUISITIONS AND TAKEOVERS REGULATION 2015 (SLI NO 217 OF 2015) - REG 39

                   The excluded provisions do not apply in relation to an acquisition of a legal or equitable interest in an easement if:

                     (a)  the following conditions are met:

                              (i)  the interest is acquired by a foreign person other than a foreign government investor;

                             (ii)  the easement is not an easement in gross; or

                     (b)  the following conditions are met:

                              (i)  the easement is an easement in gross;

                             (ii)  the easement is created for the purposes of a public utility providing products or services to the public;

                            (iii)  the public utility that acquires the interest is authorised by or under a law of the Commonwealth, a State or a Territory to provide those products or services.