Notification of Foreign Investment in Australian Media Companies - Australian Government

Description

You will be required to notify the Agency if you are a foreign person with an interest of 2.5 per cent or more in an Australian media company.

A foreign person means:

  • an individual not ordinarily resident in Australia
  • a corporation in which one or more individuals, foreign corporations or foreign governments hold substantial interest
  • the trustee of a trust in which one or more individuals, foreign corporations or foreign governments hold substantial interest
  • a foreign government.

If you currently have 2.5 per cent or more interest in an Australian media company, you have until 28 February 2019 to notify the Agency.

If you acquire or cease to hold company interests or otherwise change the ownership status to more or less than 2.5 per cent interest in an Australian media company, you will be required to notify the Agency within 30 days of this occurring.

Please consult the Contact Officer for more information.

Service type

Regulatory Obligation

An obligation defined in law. A business must comply with relevant services.

Ongoing eligibility requirements

You will also be required to notify the Agency at the end of the financial year if you hold company interests of 2.5 per cent or more in an Australian media company.

Duration

One financial year.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

No fees are required.

Act(s) name

Broadcasting Services Act 1992 Australian Government

Foreign Acquisitions and Takeovers Act 1975 Australian Government

Additional information

You will also be required to notify the Agency if you are acting on behalf of foreign stakeholders such as executors or administrators of estates and liquidators of corporations if the entity you represent are subject to notification requirements.

Administering agency

Department of Communications and the Arts

Australian Communications and Media Authority

Content, Consumer and Citizen

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

Foreign Media Ownership

Content, Consumer and Citizen

Australian Communications and Media Authority

Department of Communications and the Arts

Operating address: Red Building, Benjamin Offices
Chan Street
Belconnen
Australian Capital Territory 2617
Mailing address: PO BOX 78
Belconnen, Australian Capital Territory 2616
Email: foreignmediaownership@acma.gov.au