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: 127719–129550

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 entity that:
                              (i) is not carrying on a sensitive business and does not hold assets of a sensitive business; and
                              (ii) is carrying on a business that supplies a service through a commercial presence in Australia; and
                              (b) no subsidiary, or holding entity, of the entity carries on a sensitive business or holds assets of a sensitive business; and
                              (c) either:
                              (i) the entity derives earnings from carrying on the business and the amount of those earnings before interest and tax, derived in the most recent financial year for which the financial accounts of the entity have been audited, exceeds 50% of the amount of the total earnings for the entity; or
                              (ii) the entity uses assets to carry on the business and the value of those assets exceeds 50% of the total asset value for the entity

 (3) The following table prescribes values for the purposes of section 51 of the Act to the extent that that section relates to items 4 and 5 (Australian businesses) of the table in that section.

Threshold value for Australian businesses
Item                                       For action taken by …                                                                                                                                     the value (in millions of dollars) is …