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

158   At the end of Division 2 of Part 5

Add:

88A Contravening directions and interim directions

A person commits an offence if:

(a) the person has been directed by the Treasurer under subsection 79R(3) or 79V(3); and

(b) the person engages in conduct; and

(c) the person does so in contravention of the direction.

Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.