Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:18
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 18
Character Range: 53751–54678

18  Meaning of foreign person

General partners of limited partnerships
 (1) For paragraph (g) of the definition of foreign person in section 4 of the Act, a person is a foreign person if:
 (a) the person is a general partner of a limited partnership; and
 (b) either:
 (i) an individual not ordinarily resident in Australia, a foreign corporation or a foreign government holds a substantial interest in the limited partnership; or
 (ii) 2 or more persons, each of whom is an individual not ordinarily resident in Australia, a foreign corporation or a foreign government hold an aggregate interest of at least 40% in the limited partnership.

Certain foreign government investors
 (2) For paragraph (g) of the definition of foreign person in section 4 of the Act, a person is a foreign person if:
 (a) the person is a foreign government investor; and
 (b) apart from this subsection, the person would not be a foreign person.