Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 136

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 8
Chunk 136
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 approval from the Foreign Investment Review Board for a range of acquisitions of an interest in an Australian
entity on a mandatory basis, including:

  acquisitions of a direct interest (generally 10% or more) by a foreign government investor in an Australian entity, irrespective of value;  
  acquisitions by any foreign person of:                                                                                                      

  a ‘substantial interest’ (generally 20% or more) in an Australian entity valued above the relevant monetary threshold. This is generally A$330 million (indexed annually) or A$1,250 million in c...  
  a direct interest in a ‘national security business’ or entity that carries on a national security business, or holds ‘national security land’, irrespective of value; and                             

  acquisitions of interests in Australian entities operating in sensitive industries (such as media, telecommunications, and encryption and security technologies), land-rich Australian entities o...  

Each
foreign person seeking to acquire holdings in excess of the above caps (including their associates) would need to complete an application
form setting out the proposal and relevant particulars of the acquisition/shareholding and pay the relevant application fees. The Australian
Treasurer then has 30 days to consider the application and make a decision and a further 10 days to notify the applicant. However, the
Australian Treasurer has broad powers to extend this time period, including extending the period by up to a further 90 days by publishing
an interim order. Most commonly, the Australian Treasurer will request an applicant agree to an extension to avoid needing to publish
the interim order, such agreement is usually in the best interest of the applicant as interim orders are made public and by agreeing to
an extension the application process is kept confidential. Otherwise applications are strictly confidential and not released to the public.

The
Australian Foreign Investment Review Board, an Australian advisory board to the Australian Treasurer has provided a guideline titledAustralia’s
Foreign Investment Policy, which provides an outline of the policy. As for the risk associated with seeking approval, the policy
provides, among other things, that the Treasurer will reject an application if it is contrary to the national interest.

If an application is made
to the Australian Treasurer (whether voluntary or compulsory), the Australian Treasurer may either issue a non-objection notice, a non-objection
notice with conditions or a rejection notice.

If the necessary approvals
are not obtained, the Treasurer has a range of enforcement powers, including the power to make an order requiring the acquirer to dispose
of the shares it has acquired