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

143   Section 83

Omit:

A person may commit an offence or contravene a civil penalty provision if the person:

(a) fails to give a notice under section 81 before taking a notifiable action; or

(b) takes a significant action before the end of the period in section 82; or

(c) contravenes an order under Part 3; or

(d) contravenes a condition in a no objection notification or an exemption certificate.

substitute:

To ensure that persons comply with their obligations under this Act, this Part provides for a range of enforcement options, including criminal offences and civil penalties.