Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)

Schedule 1   Main amendments

Part 1   Amendment of the Foreign Acquisitions and Takeovers Act 1975

Foreign Acquisitions and Takeovers Act 1975

108   After subsection 69(4)

Insert:

(4A) If the Treasurer is satisfied as mentioned in subsection (1A), an order under any of items 1A, 2 or 3 of the table in subsection (2) may be made only for the purpose of:

(a) restoring the foreign person's position to influence or participate in the central management and control of the entity as closely as possible to what is was before the action was taken; or

(b) restoring the foreign person's position to influence or participate, participate in or determine the policy of the entity as closely as possible to what is was before the action was taken.