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

81   Paragraph 65(1)(c)

Repeal the paragraph, substitute:

(c) the target is not:

(i) an Australian entity; or

(ii) an entity carrying on an Australian business; or

(iii) an entity carrying on a national security business; or

(iv) the holding entity of an entity mentioned in subparagraph (ii) or (iii);

as is required for the action to be a significant action, notifiable action, notifiable national security action or reviewable national security action; and