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

122   After subsection 75(1)

Insert:

(1A) This section also applies if:

(a) the Treasurer receives a notice that a person proposes to take a notifiable national security action; or

(b) a person proposes to take:

(i) an action in respect of which the Treasurer has given a notice under subsection 66A(4); or

(ii) a reviewable national security action that the person notifies to the Treasurer.

Note: See also sections 76 (content of no objection notification) and 77 (time limit on making orders and decisions).