International Law

The Act provides the basis for the Treasurer to examine proposed foreign investments in Australian businesses and assets to ensure they are not contrary to the national interest.

The Government will amend the Act to ensure that it applies equally to all foreign investments irrespective of the way they are structured.

In particular, the amendments will ensure that any investment, including through instruments such as convertible notes, will be treated as equity for the purposes of the Act.

The amendment will be effective from 12 February 2009.