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

117   After subsection 74(1)

Insert:

(1A) This section also applies if the following kinds of actions are proposed to be taken or have been taken:

(a) a notifiable national security action that is not a significant action;

(b) an action in respect of which the Treasurer has given a notice under subsection 66A(4);

(c) a reviewable national security action that is notified to the Treasurer.

Note: See also sections 76 (content of no objection notification) and 77 (time limit on making orders and decisions).