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Foreign Acquisitions and Takeovers Regulation 2015
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Turn the raw legal text into a practical explanation grounded in Foreign Acquisitions and Takeovers Regulation 2015.
For the purposes of subsection 37(1) of the Act, section 130ZC of the Act does not apply to an interest a person holds when becoming a foreign person if the person would not need to give a register notice to the Registrar for the purposes of Part 7A of the Act if the person were to acquire that interest while a foreign person.