You will be required to submit this notification if you are a foreign investor and intend to acquire interest in Australian assets or shares. This includes the purchase of real estate for residential or commercial purposes.
A notifiable action is an action to:
- acquire a direct interest in an Australian entity or Australian business that is an agribusiness
- acquire a substantial interest in an Australian entity
- acquire an interest in Australian land.
Direct interest in an entity or business is:
- an interest of at least 10 per cent in the entity or business
- an interest of at least 5 per cent in the entity or business if you acquire the interest though a legal arrangement relating to the businesses of the person and the entity or business
- an interest of any percentage in the entity or business if you are in a position to participate or influence central management and control of the entity or determine the policy of the entity or business.
