Where two or more persons, together with any associate(s), are in a position to control not less than 40 per cent of the voting power, or hold interests in not less than 40 per cent of the issued shares, of a corporation (section 9 of the FATA).

Comprise all foreign investment proposals approved either with or without conditions.

Comprise all foreign investment proposals finalised (that is, approved, rejected, withdrawn or exempt).

Comprise all foreign investment proposals approved or rejected (that is, excluding proposals withdrawn or determined exempt).

Comprise all foreign investment proposals that are either rejected under the policy or subject to a Final Order or a Divestiture Order under the FATA.

Refers to land that is used wholly and exclusively for carrying on a primary production business.

Refers to all other land in Australia that is not Australian rural land.

A corporation (excluding holding companies) or trust estate where more than half of its assets are in the form of Australian urban land (section 13D of the FATA).

Corporate reorganisations encompass a wide range of transactions including corporate restructures and transfers of assets or shares within a corporate group.

An Order that requires an interest already acquired to be disposed of.

The Foreign Investment Management System is the Division’s electronic case management system.

Final Order

An Order that prohibits a proposed acquisition.

A direct investment has the objective of establishing a lasting interest in, and a strategic long-term relationship with, the target company. It may include a significant degree of influence by the investor in  the management of the target company. It is international practice to define a direct investment as acquiring an interest of 10 per cent or more for statistical purposes. Interests below 10 per cent may also be direct investments if the investor can use those investments to influence or control the company.

A non‑statutory body established in 1976 to advise the Treasurer on foreign investment policy and its administration.

1. A natural person not ordinarily resident in Australia;
2. a corporation in which a natural person not ordinarily resident in Australia or a foreign corporation holds a controlling interest;
3. a corporation in which two or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate controlling interest;
4. the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest; or
5. the trustee of a trust estate in which two or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest.

(Section 5 of the FATA)

An Order that extends the available statutory examination period and prohibits a proposed acquisition for up to 90 days.

Where an offshore company (/foreign person) that holds Australian assets or conducts a business in Australia is acquired by another foreign person, and the Australian assets or businesses of the target company are valued at less than 50 per cent of its global assets.

An acquisition of a dwelling under construction or completed that has not been lived in or previously sold.

Portfolio investment

Passive or non‑direct investment.

Proposed investment

Proposed investment associated with foreign investment proposals comprises the aggregate of acquisition costs and development expenditure in the case of existing businesses, and the aggregate of establishment costs and development expenditure in the case of new businesses.

Where a person, alone or together with any associate(s), is in a position to control not less than 15 per cent of the voting power, or holds interests in not less than 15 per cent of the issued shares, of a corporation (section 9 of the FATA).

Monetary figure under either the policy or the FATA at which foreign persons are expected or required to notify an investment proposal to the Treasurer.