Acquisition of Assets or Shares

The types of proposals in this category, which should be notified to the Government, are as follows:

• Acquisitions of interests in an existing Australian business or corporation which is valued above, or the proposal values above the applicable monetary threshold. Acquisitions of interests may include:
• acquisitions of shares (including options and other instruments which may be converted to shares) representing a substantial interest in the corporation;
• acquisitions of assets resulting in control of the business; or
• any other type of arrangement which results in control of the business or corporation.
• Takeovers of offshore companies whose Australian subsidiaries or gross assets are valued above the applicable monetary threshold.
• Direct Investments by Foreign Governments and their related entities regardless of the value, as well as proposals to start a new business or to acquire an interest in Australian urban land.
• Acquisition of shares in a company or trust that is considered an Urban Land Corporation or Trust, regardless of the value.
• Proposals where any doubt exists as to whether they are notifiable.

This section also includes a section on Compliance Issues.