Document ID: chunk:federal_register_of_legislation:C2005C00021:clause:5_17c
Version: federal_register_of_legislation:C2005C00021
Segment Type: clause
Provision Reference: sch 5 cl 17C
Character Range: 120469–122318

17C  Asset thresholds for exempt foreign investments in prescribed corporations etc.—prescribed foreign government investors

 (1) A prescribed foreign government investor is covered by this subsection in relation to a corporation if:
 (a) for a corporation covered by paragraph 13(1)(a), (b), (c), (g) or (h)—the value of the corporation's total assets, determined under section 13B, does not exceed the amount ascertained in accordance with regulations made for the purposes of this paragraph; and
 (b) for a corporation covered by paragraph 13(1)(d), (e) or (f) because the corporation, or another corporation or other corporations, held certain assets on a particular date—the value of those assets on that date, determined in accordance with section 13, does not exceed the amount ascertained in accordance with regulations made for the purposes of this paragraph.

 (2) A prescribed foreign government investor is covered by this subsection in relation to a business if the value of the total assets of the business, determined under section 13B, does not exceed the amount ascertained in accordance with regulations made for the purposes of this subsection.

 (3) Regulations made for the purposes of a particular provision of this section may provide for different amounts for different prescribed foreign government investors, depending on all or any of the following:
 (a) the kind of prescribed foreign government investor concerned;
 (b) in relation to subsection (1)—the kind of corporation concerned;
 (c) in relation to subsection (2)—the kind of business concerned;
 (d) any other matter.

 (4) Regulations made for the purposes of a particular provision of this section may provide for a method for indexing an amount.

 (5) Subsections (3) and (4) do not limit the regulations that may be made for the purposes of this section.