OBS_VALUE: No foreign equity restrictions (1975 Act). Financial sector companies are subject to a 20% shareholding limit for single (domestic and foreign) investors. Those limits relate to the voting power of the person  and their associates. The Treasurer may approve a higher percentage limit on national interest grounds. The Minister also reviews acquisitions of assets under the IATA on grounds of public interest, including whether the proposal is contrary to national interest (IATA decision-making principles: http://www.apra.gov.au/lifs/Documents/InsuranceAcquisitionsTakeoversActDMP.pdf).  Under IATA, the threshold for being in a position of influence over a company is 15% or more of the voting power. A trigger proposal, i.e. a proposal to acquire or lease assets of Australian-registered insurance companies amounting to 15% or more of the total book value of the assets of the company should be notified to the Minister and shall not be carried out before a go-ahead decision is given.