EXPLANATORY STATEMENT
STATUTORY RULES 1989 NO 197
ISSUED BY THE AUTHORITY OF THE TREASURER
Foreign Acquisitions and Takeovers Act 1975
Foreign Acquisitions and Takeovers (Notices) Regulations (Amendment)
Section 39 of the Foreign Acquisitions and Takeovers Act 1975 (the Act) - provides for the Governor-General to make regulations prescribing all matter required or permitted by the Act to be prescribed or necessary or convenient to be prescribed for carrying out or giving effect to the Act.
Statutory Rules 1989 No 178 - the Foreign Takeovers (Notices) Regulations (Amendment) - were made on 28 June 1989. Section 27 of the Act states that notices submitted under sections 25, 26 or 26A are not valid unless they are in accordance with the prescribed form and otherwise comply with the directions set out in the form. Statutory Rules 1989 No. 178 set down the prescribed forms of notice for each of the three notification sections of the Act.
The present amendment is only a formal amendment required because the word ‘(Notices)’ was omitted in error from the citation of the Principal Regulations contained in Regulation 1 of Statutory Rules 1989 No. 178.
Authority: Section 39 of the Foreign Acquisitions and Takeovers Act 1975.