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Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedules
- 4 Evaluation of operation of this Act and related legislation
- 5 Delegation
- Schedule 1 Main amendments
- Part 1 Amendment of the Foreign Acquisitions and Takeovers Act 1975
- Foreign Acquisitions and Takeovers Act 1975
- 1 Section 3 (paragraph beginning "This Act deals with")
- 2 Section 3
- 3 Section 3
- 4 Section 3
- 5 Section 3
- 6 Section 4
- 7 Section 4 (definition of acquire)
- 8 Section 4
- 9 Section 4 (definition of Commonwealth entity)
- 10 Section 4 (definition of constituent document)
- 11 Section 4
- 12 Section 4 (definition of decision period)
- 13 Section 4 (definition of general meeting)
- 14 Section 4
- 15 Section 4 (after paragraph (c) of the definition of interest)
- 16 Section 4 (after paragraph (d) of the definition of interest)
- 17 Section 4 (after paragraph (e) of the definition of interest)
- 18 Section 4
- 19 Section 4 (definition of no objection notification)
- 20 Section 4
- 21 Section 4 (definition of substantial interest)
- 22 Section 4 (paragraph (a) of the definition of substantial interest)
- 23 Section 4 (note 1 to the definition of substantial interest)
- 24 Section 4
- 25 At the end of subsection 6(3)
- 26 At the end of section 8
- 27 After section 8
- 28 Subsection 9(1) (note 2)
- 29 At the end of section 9
- 30 Sections 10 and 11 (note 2)
- 31 After section 11
- 32 Paragraph 15(4)(a)
- 33 Subsection 15(5) (note)
- 34 After section 16
- 35 Section 17 (at the end of the heading)
- 36 After subsection 17(2)
- 37 Subsection 17(3)
- 38 After section 18
- 39 Section 19 (heading)
- 40 Subsections 19(1) and (2)
- 41 After section 19
- 42 Subsection 21(1) (note)
- 43 Subsection 22(1)
- 44 Subsection 22(1)
- 45 Subsection 22(2)
- 46 Subsection 22(2)
- 47 Subsection 22(3)
- 48 Paragraph 22(3)(a)
- 49 Subsection 22(4)
- 50 Subsection 22(4)
- 51 Section 23
- 52 Section 29 (heading)
- 53 Paragraph 29(b)
- 54 Subsection 37(5)
- 55 Part 2 (heading)
- 56 Section 38
- 57 Section 39 (paragraph beginning "Broadly")
- 58 At the end of section 40
- 59 At the end of section 41
- 60 Section 46 (paragraph beginning "A notifiable action")
- 61 Section 46 (paragraph beginning "Unlike")
- 62 Paragraph 47(2)(a)
- 63 Subsection 47(4)
- 64 Section 50 (paragraph beginning "Two important tests")
- 65 Section 50 (paragraph beginning "One or more persons")
- 66 Section 51
- 67 Section 51 (table, heading to column 1)
- 68 Section 51 (after table item 2)
- 69 Subsection 53(1)
- 70 Subsection 53(2)
- 71 Paragraph 54(4)(b)
- 72 After section 55
- 73 Section 56
- 74 Subsection 60(2)
- 75 Paragraph 61(4)(b)
- 76 Section 62 (heading)
- 77 Subsection 62(1)
- 78 Subsection 62(3)
- 79 After section 62
- 80 Section 63 (note)
- 81 Paragraph 65(1)(c)
- 82 Paragraph 65(1)(d)
- 83 Section 66
- 84 Division 2 of Part 3 (heading)
- 85 Section 67 (heading)
- 86 Paragraph 67(1)(a)
- 87 After subsection 67(1)
- 88 Subsection 67(2) (table heading)
- 89 Subsection 67(2) (table, heading to column headed "If the significant action is ...")
- 90 Subsection 67(2) (cell at table item 1, column headed "If the significant action is …")
- 91 Subsection 67(2) (cell at table item 3, column headed "If the significant action is …")
- 92 Subsection 67(2) (cell at table item 4, column headed "If the significant action is …")
- 93 Subsection 67(2) (table item 5)
- 94 Subsection 67(3) (table, heading to column "If the significant action is …")
- 95 Subsection 67(3) (cell at table item 1, column headed "If the significant action is …")
- 96 Subsection 67(3) (table item 2)
- 97 Subsection 68(2) (note)
- 98 Paragraph 69(1)(a)
- 99 Subsection 69(1) (note)
- 100 After subsection 69(1)
- 101 Subsection 69(2) (table, heading to column headed "If the significant action was …")
- 102 Subsection 69(2) (cell at table item 1, column headed "If the significant action was …")
- 103 Subsection 69(2) (after table item 1)
- 104 Subsection 69(2) (cell at table item 2, column headed "If the significant action was …")
- 105 Subsection 69(2) (cell at table item 3, column headed "If the significant action was …")
- 106 Subsection 69(2) (table item 4)
- 107 Subsection 69(4)
- 108 After subsection 69(4)
- 109 Paragraphs 70(1)(a) and (b)
- 110 At the end of section 70
- 111 Sections 71 to 73
- 112 Subdivision B of Division 2 of Part 3 (heading)
- 113 Paragraph 74(1)(a)
- 114 Paragraph 74(1)(b)
- 115 After subparagraph 74(1)(c)(ii)
- 116 Subsection 74(1) (note)
- 117 After subsection 74(1)
- 118 Subparagraph 74(2)(a)(ii)
- 119 At the end of paragraph 74(2)(a)
- 120 Subsection 74(4)
- 121 At the end of subsection 74(8)
- 122 After subsection 75(1)
- 123 Subsection 76(1)
- 124 Paragraph 76(4)(b)
- 125 Subsection 76(8)
- 126 At the end of Subdivision B of Division 2 of Part 3
- 127 Division 3 of Part 3 (heading)
- 128 Before section 77
- 129 Section 77
- 130 Before section 78
- 131 Paragraph 79(1)(b)
- 132 At the end of Part 3
- 133 Part 4 (heading)
- 134 Section 80
- 135 Section 81 (at the end of the heading)
- 136 Subsection 81(1)
- 137 Subsection 81(1)
- 138 After subsection 81(1)
- 139 Subsection 81(2)
- 140 Section 82 (heading)
- 141 Subsection 82(1)
- 142 At the end of section 82
- 143 Section 83
- 144 Section 84 (after the heading)
- 145 Section 84
- 146 Paragraph 84(b)
- 147 Paragraph 84(c)
- 148 Paragraph 84(d)
- 149 At the end of section 84 (after the penalty)
- 150 Section 85 (heading)
- 151 Section 85
- 152 Paragraph 85(b)
- 153 Paragraph 85(c)
- 154 At the end of section 85 (after the penalty)
- 155 After section 85
- 156 Paragraph 87(a)
- 157 Paragraph 87(b)
- 158 At the end of Division 2 of Part 5
- 159 Subdivision A of Division 3 of Part 5 (heading)
- 160 Section 90
- 161 Section 91 (after the heading)
- 162 Section 91
- 163 Section 91
- 164 Section 91
- 165 Section 91
- 166 Section 91 (penalty)
- 167 At the end of section 91 (after the penalty)
- 168 Section 92 (heading)
- 169 Section 92
- 170 Section 92
- 171 Paragraph 92(a)
- 172 After section 92
- 173 Subsection 94(1)
- 174 Subsection 94(2)
- 175 Subsection 95(5)
- 176 After section 95
- 177 After subsection 96(1)
- 178 Subsection 96(3)
- 179 After subsection 97(1)
- 180 Section 112
- 181 Section 112
- 182 Subsection 113(1) (table item 3)
- 183 Subsection 113(1) (cell at table item 4, column 1)
- 184 Subsection 113(1) (after table item 4)
- 185 Subsection 113(1) (cell at table item 5, column 1)
- 186 Subsection 113(1) (at the end of the table)
- 187 Subsection 113(1) (note)
- 188 Section 114
- 189 Section 114
- 190 Section 115A
- 191 Subsection 115C(1) (note)
- 192 At the end of section 115D
- 193 Part 7 (heading)
- 194 Paragraph 116(a)
- 195 Section 116
- 196 Paragraph 117(1)(a)
- 197 After paragraph 117(1)(a)
- 198 After paragraph 117(1)(c)
- 199 Subparagraphs 117(1)(d)(i) and (ii)
- 200 At the end of paragraph 117(1)(d)
- 201 Paragraph 118(a)
- 202 Paragraph 118(b)
- 203 Paragraph 120(2)(c)
- 204 Section 122
- 205 After section 123
- 206 Section 124
- 207 At the end of Part 7
- 208 Section 132 (heading)
- 209 After paragraph 132(1)(a)
- 210 Before paragraph 132(1)(b)
- 211 At the end of subsection 132(1)
- 212 Subsection 132(3) (table item 3, column headed "In relation to …")
- 213 Subsection 133(2) (note)
- 214 Paragraph 133(3)(a)
- 215 Subsection 133(3)
- 216 After paragraph 135(3)(a)
- 217 Paragraph 135(3)(b)
- 218 Paragraph 135(3)(c)
- 219 Subsection 137(1)
- 220 At the end of subsection 137(1)
- Part 2 Amendments of other Acts
- Administrative Appeals Tribunal Act 1975
- 221 Subsection 25(6)
- 222 Paragraph 46(1)(a)
- 223 Subsection 46(2)
- 224 Paragraph 46(3)(a)
- Security of Critical Infrastructure Act 2018
- 225 After subsection 32(3)
- Taxation Administration Act 1953
- 226 Subsection 355-65(4) in Schedule 1 (after table item 7)
- Part 3 Application and transitional provisions
- Division 1 National security reviews and last resort power
- 227 Application - notices of actions that are notifiable national security actions
- 228 Application - notices of actions that are reviewable national security actions
- 229 Application - national security review of actions
- 230 Application - prohibition orders
- 231 Application - disposal orders
- 232 Application - no objection notifications
- 233 Application - time limits etc. and information requested by the Treasurer
- 234 Application - last resort power
- 235 Application - making of orders
- 236 Transitional - variation and revocation of orders
- 237 Application - record-keeping
- Division 2 Other amendments
- 238 Application - businesses carried on by the Commonwealth, States, Territories or local governing bodies
- 239 Application - increasing percentage of interests without acquiring additional interests in securities
- 240 Application - tracing interests
- 241 Application - change in control test
- 242 Application - sections 62A and 76A (false or misleading information and documents)
- 243 Application-section 62B (effect of revocation or variation of exemption certificate)
- 244 Application-time limits and decision period extensions
- 245 Application - directions
- 246 Application-amount of civil penalty for failing to give notice
- 247 Transitional-notice of action that is notifiable but not significant
- 248 Application-vacancy fee returns where persons jointly hold interest in land
- 249 Application-more coordinated information sharing and gathering
- 250 Application - court orders
- Schedule 2 Compliance and enforcement
- Part 1 Amendments
- Foreign Acquisitions and Takeovers Act 1975
- 1 Section 4
- 2 Section 83
- 3 Section 84 (penalty)
- 4 Section 85 (penalty)
- 5 Section 86 (penalty)
- 6 Section 87 (penalty)
- 7 Subsection 88(1) (penalty)
- 8 Section 89
- 9 Section 89 (penalty)
- 10 At the end of section 89
- 11 Section 92
- 12 Section 92 (penalty)
- 13 At the end of section 92
- 14 Section 93
- 15 Subsection 94(4)
- 16 At the end of Division 3 of Part 5
- 17 Subdivision A of Division 4 of Part 5 (heading)
- 18 Subsection 99(2)
- 19 After subsection 99(2B)
- 20 Subsection 99(2C)
- 21 Subsection 99(4)
- 22 After section 99
- 23 Paragraph 100(1)(a)
- 24 After paragraph 100(1)(b)
- 25 After paragraph 100(1)(c)
- 26 Subsection 100(2)
- 27 After subsection 100(3)
- 28 Subsection 100(4)
- 29 After subsection 100(4B)
- 30 Subsection 100(4C)
- 31 Subsection 100(5)
- 32 Paragraph 100(5)(a)
- 33 Paragraph 100(5)(b)
- 34 At the end of subsection 100(6)
- 35 Section 101 (heading)
- 36 Paragraphs 101(1)(b) and (c)
- 37 After subsection 101(1)
- 38 Subsection 101(2)
- 39 At the end of Subdivision A of Division 4 of Part 5
- 40 Before Subdivision B of Division 4 of Part 5
- 41 After section 115D
- 42 After subparagraph 115K(2)(b)(i)
- 43 Subsection 119(1) (penalty)
- 44 Subsection 133(5) (penalty)
- 45 After paragraph 135(3)(b)
- 46 At the end of section 137
- 47 Subsection 138(1) (heading)
- 48 After subsection 138(3)
- Part 2 Application provisions
- Division 1 General
- 49 Application - false or misleading information and documents and section 98B
- 50 Application - failure to notify and sections 98C, 98D and 98E
- 51 Application - penalties
- 52 Application - infringement notices
- 53 Application - vacancy fee liability-false or misleading vacancy fee return
- Division 2 Application of Regulatory Powers (Standard Provisions) Act 2014
- 54 Definitions
- 55 Application - monitoring powers
- 56 Application - investigation powers
- 57 Application - enforceable undertakings
- Part 3 Contingent amendments
- Foreign Acquisitions and Takeovers Act 1975
- 58 Subparagraph 101A(6)(a)(iii)
- 59 Paragraph 101A(8)(b)
- 60 Subparagraph 101B(5)(a)(iii)
- 61 Paragraph 101B(7)(b)
- 62 Paragraph 101C(3)(b)
- Schedule 3 Register of Foreign Ownership of Australian Assets
- Part 1 Amendments
- Foreign Acquisitions and Takeovers Act 1975
- 1 At the end of section 3
- 2 Section 4
- 3 After section 26
- 4 Section 116
- 5 At the end of subsection 117(1)
- 6 At the end of section 118
- 7 After section 126
- 8 After Part 7
- 9 Subsection 133(1)
- 10 At the end of section 135
- 11 Subsection 137(1)
- 12 Subsection 137(2)
- 13 After subsection 137(2)
- Part 2 Repeals
- Register of Foreign Ownership of Water or Agricultural Land Act 2015
- 14 The whole of the Act
- Part 3 Amendments consequential on repeal
- Foreign Acquisitions and Takeovers Act 1975
- 15 Paragraph 101A(3)(b)
- 16 Paragraph 101A(3)(c)
- 17 Paragraph 101B(2)(b)
- 18 Paragraph 101B(2)(c)
- Part 4 Transitional provisions
- 19 Definitions
- 20 Transitional registered interest-interest in agricultural land
- 21 Transitional - interest in water
- 22 Transitional - interest in agricultural land not previously notified to the Commissioner of Taxation
- 23 Transitional - interest in water not previously notified to the Commissioner of Taxation
- 24 Transitional rules
- 25 Final report under section 34 of the old Register Act
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