By Malcolm Brennan, Paul Schroder, Jin Xiong and Michael Ting King & Wood Mallesons
The Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015 (“FATLA Bill”) is currently before the Australian Senate as part of a package of reforms to Australia’s foreign investment framework set to be introduced on 1 December 2015. The broad aim of the reform package is to modernise the Foreign Acquisitions and Takeovers Act 1975 (“FATA”) and strengthen the enforcement of the foreign investment system, while remaining consistent with the Government’s approach to welcoming foreign investment.
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