Commonwealth Consolidated Acts

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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 8A

Meaning of starts a national security business

  (1)   A foreign person starts a national security business if the foreign person starts to carry on a national security business.

  (2)   Despite subsection   (1), if a foreign person carries on a national security business, the person does not start a national security business merely because the foreign person, alone or together with one or more persons, establishes a new entity:

  (a)   that carries on the same national security business; or

  (b)   for the purposes of acquiring interests in assets of the same national security business.



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