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

8   Section 4

Insert:

business includes any activity carried on by:

(a) the Commonwealth, a State, a Territory or a local governing body; or

(b) a body corporate established for a public purpose by or under a law of the Commonwealth, a State or a Territory; or

(c) an entity wholly owned by the Commonwealth, a State, a Territory, a local governing body or a body corporate covered by paragraph (b).