Key Documents
Consultation overview
As part of the 2023–24 Budget, the Australian Government announced it would exempt interfunding transactions from mandatory notification requirements and fees under the Foreign Acquisitions and Takeovers Act 1975.
Treasury is seeking feedback on draft regulations to implement this exemption.
Exemption benefits
The exemption will decrease the regulatory burden and financial costs for investors who undertake interfunding activities.
National security powers remain
Interfunding transactions will remain reviewable national security actions under the Foreign Acquisitions and Takeovers Act 1975, which ensures the Treasurer’s national security powers will remain available if a national security risk arises.
Notice obligations
Investors will be required to provide notice for interfunding transactions to the Registrar for the Register of Foreign Ownership of Australian Assets (the Register). The register notice obligations will ensure that the Register continues to provide a comprehensive picture of foreign investment in Australia.
