[Excerpt] The purpose of this publication is to provide foreign investors with a broad overview of the legal framework within which business is conducted in Australia. This publication deals primarily with: • the regulation of foreign investment in Australia, including the Australian Government’s policy on foreign investment and controls on debt funding; • the legal structures available for investors in Australia; • the tax system imposed by the Australian and State Governments; and • the general system of business regulation applicable in Australia. This publication has been prepared by the Australian offices of Baker & McKenzie as a general guide for those persons or corporations considering making an investment in Australia. However, before specific investment is made, consideration should be given to specific laws and regulations that may affect the investment decision.