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
68 Section 51 (after table item 2)
Insert:
|
2A |
Acquiring a substantial interest in an Australian entity |
The higher of the following: (a) the total asset value for the entity; (b) the total issued securities value for the entity |