Examples of Australian Land Corporation in a sentence
The notification requires information to be provided about the applicant, including, among other things, its structure and financial information, about the relevant Australian Land Corporation and the proposed acquisition.
The balance sheet shows a reasonable value for the interests in land held by Land Estate Co. Such interests exceed 50 per cent of the value of its total assets, thus Land Estate Co is an Australian Land Corporation.
Foreign persons acquiring interests in an Australian Land Corporation An Australian Land Corporation (or ALC) is a corporation where the sum of the values of its and its subsidiaries’ interests in Australian land assets exceeds 50% of the sum of the values of their total assets.
Any foreign person who proposes to enter into a transaction or arrangement that would entitle the foreign person to potentially exercise control over rights attaching to shares in an Australian entity or an Australian Land Corporation should satisfy themselves as to their compliance with Australia’s foreign investment regime before entering into the transaction or arrangement.