Restoration of monetary thresholds: renewal of leases for non-sensitive developed commercial land

The Government has introduced amendments to the Foreign Acquisitions and Takeovers Regulation 2015. The amendments, which take effect from 4 September 2020, have the effect of reinstating normal monetary thresholds in relation to the renewal or material variation of existing non-sensitive leasehold interests in developed commercial land, where the same acquirer held a substantially similar interest under a lease on 29 March 2020. Further information is provided in Guidance Note 53.

Foreign Acquisitions and Takeovers Amendment (Commercial Land Lease Threshold Test) Regulations 2020