On 31 July 2020, AST GVT consulted on exposure draft of foreign investment reform. Issued Foreign investment reform (protecting Australia’s national security) bill 2020. Bill gives effect to major reforms to the Foreign acquisitions and takeovers act 1975. Exposure draft bill includes provisions for new national security powers, integrity and technical amendments, and provisions that…

On 28 July 2020, final rule clarified revision to principal place of business definition. Final rule removes and investments; word activities is inclusive of investments; thus, directing and managing investments made by investment fund captured by activities. Adopted the interim rule establishing a fee for parties filing a formal written notice of a transaction for…