Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:56:p2
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 56 (pt 2/2)
Character Range: 146849–147785

entity making a later acquisition that is a significant action and a notifiable action.

Exception—increasing percentage of interests without acquiring additional interests in securities
 (6) Paragraph (1)(a) does not apply in relation to an acquisition of a direct interest in an Australian entity that is taken to occur because of the operation of section 18A of the Act if the foreign government investor held a direct interest in the entity immediately before the acquisition occurred.
 (7) Subparagraph (1)(c)(ii) does not apply in relation to an acquisition of an interest in securities in a mining, production or exploration entity that is taken to occur because of the operation of section 18A of the Act if the foreign government investor held an interest of 10% or more in securities in the entity immediately before the acquisition occurred.

Division 3—Other provisions relating to significant actions and notifiable actions