Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)
Schedule 1 Main amendments
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
If:
(a) between the period beginning on 1 July 2020 and ending on 31 December 2020, a person gives a notice to the Treasurer of a proposal to take an action; and
(b) the action is to acquire an interest in a security, asset, trust or Australian land; and
(c) before 1 January 2021, the person has not entered into an agreement to acquire the interest; and
(d) on 1 January 2021, the action is a notifiable national security action and not a significant action or a notifiable action;
the action is, for the purposes of the Foreign Acquisitions and Takeovers Act 1975 as amended by this Schedule, taken to be notified to the Treasurer as a notifiable national security action on 1 January 2021.