ENERGY & RESOURCES Alert: May 2013

30 May 2013

Publications

It remains unclear whether prior notification to the Foreign Investment Review Board is required where a foreign person proposes to acquire an interest in an Australian exploration permit or in companies that hold such licences.

The Foreign Acquisition and Takeovers Act 1975 requires a prior FIRB notification when a foreign person proposes to acquire an ‘interest in Australian Urban Land’ irrespective of the value of that interest.

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