Exemption certificates are intended to reduce regulatory burden for foreign investors.

An exemption certificate enables you to obtain up‑front acceptance for a program of lower‑risk investments over time, so you will not have to notify an investment proposal for each investment.

Foreign government investors who hold passive interests in entities may also apply for exemption certificates.

Applications for exemption certificates are considered on a case‑by‑case basis against the national interest test or national security test.

You may apply for multiple exemption certificates for different types of investments (for example, land interests and securities) in a single application.

Your application for an exemption certificate will not be considered until the relevant application fee has been paid in full. Please quote the Payment Reference Number when paying your application fee.

We may vary or revoke your exemption certificate if satisfied that the variation or revocation is not contrary to the national interest or national security.

If you have had an application for an exemption certificate declined or narrowed to exclude certain interests, you can still notify a proposed investment for individual acquisitions.

More information on exemption certificates for different types of investments are in the relevant guides.