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Australia Temporary Changes to Foreign Investment Framework Due to COVID-19

17 April 2020

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Approved Changes

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Australia

The Australian Taxation Office (ATO) has issued a release on temporary changes to the foreign investment framework due to COVID-19. --- COVID-19: Changes to foreign investment framework On 29 March 2020, the Treasurer announced temporary changes to the foreign investment framework to protect Australia's national interest whilst dealing with the economic implications arising from the COVID-19 (coronavirus). The temporary changes will reduce the monetary screening threshold to $0 for all foreign investment. This means all proposed foreign investments into Australia subject to the Foreign Acquisitions and Takeovers Act 1975 (the Act) will require approval, regardless of value or the nature...