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

Schedule 1   Main amendments

Part 3   Application and transitional provisions

Division 2   Other amendments

245   Application - directions

(1) A direction under subsection 79R(3) of the Foreign Acquisitions and Takeovers Act 1975, as inserted by this Schedule, may be made on or after the time this item commences, if the relevant condition mentioned in paragraph 79R(1)(a) or (b) of that Act, as inserted by this Schedule, for making the direction was met at or after that time.

(2) An interim direction under subsection 79V(3) of the Foreign Acquisitions and Takeovers Act 1975, as inserted by this Schedule, may be made on or after the time this item commences, if the relevant condition mentioned in subparagraph 79V(1)(a)(i) or (ii) of that Act (as inserted by this Schedule) for making the interim direction was met at or after that time.