Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:1
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 1
Character Range: 129550–130637

1                                          an enterprise, or a national, of the Republic of India (other than a foreign government investor) where:                                                  500
                                           (a) the action relates to an Australian business that:
                                           (i) is not a sensitive business; and
                                           (ii) supplies a service through a commercial presence in Australia; and
                                           (b) the Australian business uses assets to supply the service and the value of those assets exceeds 50% of the value of the total assets of the business

 (4) For the purposes of subsections (2) and (3), commercial presence and supply of a service have the same meaning as in the Australia‑India Economic Cooperation and Trade Agreement, done at Melbourne and New Delhi on 2 April 2022, as in force from time to time.
Note: The Agreement could in 2022 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).