The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note, updated on 18 May 2020, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.

End of financial year reporting requirements for foreign owners of Australian media assets

The Australian Communications and Media Authority (the ACMA) maintains a publicly available Register of Foreign Owners of Media Assets under section 74D of the Broadcasting Services Act 1992 (the BSA), which is a register of foreign persons who hold company interests of 2.5 per cent or more in an Australian media company.

A person is obliged to notify the ACMA within 30 days after the end of each financial year if it is a foreign stakeholder by virtue of it holding company interests of 2.5 per cent or more in an Australian media company, as at 30 June. Notifications are due by 30 July 2019.

The reporting requirements also apply to persons acting on behalf of foreign stakeholders, such as executors, administrators and liquidators.

For more information and to lodge a notification, please refer to the Australian Communications and Media Authority website.