-
Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedules
- 4 Evaluation of operation of this Act and related legislation
- 5 Delegation
- Schedule 1 Main amendments
- Part 1 Amendment of the Foreign Acquisitions and Takeovers Act 1975
- Foreign Acquisitions and Takeovers Act 1975
- 1 Section 3 (paragraph beginning "This Act deals with")
- 2 Section 3
- 3 Section 3
- 4 Section 3
- 5 Section 3
- 6 Section 4
- 7 Section 4 (definition of acquire)
- 8 Section 4
- 9 Section 4 (definition of Commonwealth entity)
- 10 Section 4 (definition of constituent document)
- 11 Section 4
- 12 Section 4 (definition of decision period)
- 13 Section 4 (definition of general meeting)
- 14 Section 4
- 15 Section 4 (after paragraph (c) of the definition of interest)
- 16 Section 4 (after paragraph (d) of the definition of interest)
- 17 Section 4 (after paragraph (e) of the definition of interest)
- 18 Section 4
- 19 Section 4 (definition of no objection notification)
- 20 Section 4
- 21 Section 4 (definition of substantial interest)
- 22 Section 4 (paragraph (a) of the definition of substantial interest)
- 23 Section 4 (note 1 to the definition of substantial interest)
- 24 Section 4
- 25 At the end of subsection 6(3)
- 26 At the end of section 8
- 27 After section 8
- 28 Subsection 9(1) (note 2)
- 29 At the end of section 9
- 30 Sections 10 and 11 (note 2)
- 31 After section 11
- 32 Paragraph 15(4)(a)
- 33 Subsection 15(5) (note)
- 34 After section 16
- 35 Section 17 (at the end of the heading)
- 36 After subsection 17(2)
- 37 Subsection 17(3)
- 38 After section 18
- 39 Section 19 (heading)
- 40 Subsections 19(1) and (2)
- 41 After section 19
- 42 Subsection 21(1) (note)
- 43 Subsection 22(1)
- 44 Subsection 22(1)
- 45 Subsection 22(2)
- 46 Subsection 22(2)
- 47 Subsection 22(3)
- 48 Paragraph 22(3)(a)
- 49 Subsection 22(4)
- 50 Subsection 22(4)
- 51 Section 23
- 52 Section 29 (heading)
- 53 Paragraph 29(b)
- 54 Subsection 37(5)
- 55 Part 2 (heading)
- 56 Section 38
- 57 Section 39 (paragraph beginning "Broadly")
- 58 At the end of section 40
- 59 At the end of section 41
- 60 Section 46 (paragraph beginning "A notifiable action")
- 61 Section 46 (paragraph beginning "Unlike")
- 62 Paragraph 47(2)(a)
- 63 Subsection 47(4)
- 64 Section 50 (paragraph beginning "Two important tests")
- 65 Section 50 (paragraph beginning "One or more persons")
- 66 Section 51
- 67 Section 51 (table, heading to column 1)
- 68 Section 51 (after table item 2)
- 69 Subsection 53(1)
- 70 Subsection 53(2)
- 71 Paragraph 54(4)(b)
- 72 After section 55
- 73 Section 56
- 74 Subsection 60(2)
- 75 Paragraph 61(4)(b)
- 76 Section 62 (heading)
- 77 Subsection 62(1)
- 78 Subsection 62(3)
- 79 After section 62
- 80 Section 63 (note)
- 81 Paragraph 65(1)(c)
- 82 Paragraph 65(1)(d)
- 83 Section 66
- 84 Division 2 of Part 3 (heading)
- 85 Section 67 (heading)
- 86 Paragraph 67(1)(a)
- 87 After subsection 67(1)
- 88 Subsection 67(2) (table heading)
- 89 Subsection 67(2) (table, heading to column headed "If the significant action is ...")
- 90 Subsection 67(2) (cell at table item 1, column headed "If the significant action is …")
- 91 Subsection 67(2) (cell at table item 3, column headed "If the significant action is …")
- 92 Subsection 67(2) (cell at table item 4, column headed "If the significant action is …")
- 93 Subsection 67(2) (table item 5)
- 94 Subsection 67(3) (table, heading to column "If the significant action is …")
- 95 Subsection 67(3) (cell at table item 1, column headed "If the significant action is …")
- 96 Subsection 67(3) (table item 2)
- 97 Subsection 68(2) (note)
- 98 Paragraph 69(1)(a)
- 99 Subsection 69(1) (note)
- 100 After subsection 69(1)
- 101 Subsection 69(2) (table, heading to column headed "If the significant action was …")
- 102 Subsection 69(2) (cell at table item 1, column headed "If the significant action was …")
- 103 Subsection 69(2) (after table item 1)
- 104 Subsection 69(2) (cell at table item 2, column headed "If the significant action was …")
- 105 Subsection 69(2) (cell at table item 3, column headed "If the significant action was …")
- 106 Subsection 69(2) (table item 4)
- 107 Subsection 69(4)
- 108 After subsection 69(4)
- 109 Paragraphs 70(1)(a) and (b)
- 110 At the end of section 70
- 111 Sections 71 to 73
- 112 Subdivision B of Division 2 of Part 3 (heading)
- 113 Paragraph 74(1)(a)
- 114 Paragraph 74(1)(b)
- 115 After subparagraph 74(1)(c)(ii)
- 116 Subsection 74(1) (note)
- 117 After subsection 74(1)
- 118 Subparagraph 74(2)(a)(ii)
- 119 At the end of paragraph 74(2)(a)
- 120 Subsection 74(4)
- 121 At the end of subsection 74(8)
- 122 After subsection 75(1)
- 123 Subsection 76(1)
- 124 Paragraph 76(4)(b)
- 125 Subsection 76(8)
- 126 At the end of Subdivision B of Division 2 of Part 3
- 127 Division 3 of Part 3 (heading)
- 128 Before section 77
- 129 Section 77
- 130 Before section 78
- 131 Paragraph 79(1)(b)
- 132 At the end of Part 3
- 133 Part 4 (heading)
- 134 Section 80
- 135 Section 81 (at the end of the heading)
- 136 Subsection 81(1)
- 137 Subsection 81(1)
- 138 After subsection 81(1)
- 139 Subsection 81(2)
- 140 Section 82 (heading)
- 141 Subsection 82(1)
- 142 At the end of section 82
- 143 Section 83
- 144 Section 84 (after the heading)
- 145 Section 84
- 146 Paragraph 84(b)
- 147 Paragraph 84(c)
- 148 Paragraph 84(d)
- 149 At the end of section 84 (after the penalty)
- 150 Section 85 (heading)
- 151 Section 85
- 152 Paragraph 85(b)
- 153 Paragraph 85(c)
- 154 At the end of section 85 (after the penalty)
- 155 After section 85
- 156 Paragraph 87(a)
- 157 Paragraph 87(b)
- 158 At the end of Division 2 of Part 5
- 159 Subdivision A of Division 3 of Part 5 (heading)
- 160 Section 90
- 161 Section 91 (after the heading)
- 162 Section 91
- 163 Section 91
- 164 Section 91
- 165 Section 91
- 166 Section 91 (penalty)
- 167 At the end of section 91 (after the penalty)
- 168 Section 92 (heading)
- 169 Section 92
- 170 Section 92
- 171 Paragraph 92(a)
- 172 After section 92
- 173 Subsection 94(1)
- 174 Subsection 94(2)
- 175 Subsection 95(5)
- 176 After section 95
- 177 After subsection 96(1)
- 178 Subsection 96(3)
- 179 After subsection 97(1)
- 180 Section 112
- 181 Section 112
- 182 Subsection 113(1) (table item 3)
- 183 Subsection 113(1) (cell at table item 4, column 1)
- 184 Subsection 113(1) (after table item 4)
- 185 Subsection 113(1) (cell at table item 5, column 1)
- 186 Subsection 113(1) (at the end of the table)
- 187 Subsection 113(1) (note)
- 188 Section 114
- 189 Section 114
- 190 Section 115A
- 191 Subsection 115C(1) (note)
- 192 At the end of section 115D
- 193 Part 7 (heading)
- 194 Paragraph 116(a)
- 195 Section 116
- 196 Paragraph 117(1)(a)
- 197 After paragraph 117(1)(a)
- 198 After paragraph 117(1)(c)
- 199 Subparagraphs 117(1)(d)(i) and (ii)
- 200 At the end of paragraph 117(1)(d)
- 201 Paragraph 118(a)
- 202 Paragraph 118(b)
- 203 Paragraph 120(2)(c)
- 204 Section 122
- 205 After section 123
- 206 Section 124
- 207 At the end of Part 7
- 208 Section 132 (heading)
- 209 After paragraph 132(1)(a)
- 210 Before paragraph 132(1)(b)
- 211 At the end of subsection 132(1)
- 212 Subsection 132(3) (table item 3, column headed "In relation to …")
- 213 Subsection 133(2) (note)
- 214 Paragraph 133(3)(a)
- 215 Subsection 133(3)
- 216 After paragraph 135(3)(a)
- 217 Paragraph 135(3)(b)
- 218 Paragraph 135(3)(c)
- 219 Subsection 137(1)
- 220 At the end of subsection 137(1)
- Part 2 Amendments of other Acts
- Administrative Appeals Tribunal Act 1975
- 221 Subsection 25(6)
- 222 Paragraph 46(1)(a)
- 223 Subsection 46(2)
- 224 Paragraph 46(3)(a)
- Security of Critical Infrastructure Act 2018
- 225 After subsection 32(3)
- Taxation Administration Act 1953
- 226 Subsection 355-65(4) in Schedule 1 (after table item 7)
- Part 3 Application and transitional provisions
- Division 1 National security reviews and last resort power
- 227 Application - notices of actions that are notifiable national security actions
- 228 Application - notices of actions that are reviewable national security actions
- 229 Application - national security review of actions
- 230 Application - prohibition orders
- 231 Application - disposal orders
- 232 Application - no objection notifications
- 233 Application - time limits etc. and information requested by the Treasurer
- 234 Application - last resort power
- 235 Application - making of orders
- 236 Transitional - variation and revocation of orders
- 237 Application - record-keeping
- Division 2 Other amendments
- 238 Application - businesses carried on by the Commonwealth, States, Territories or local governing bodies
- 239 Application - increasing percentage of interests without acquiring additional interests in securities
- 240 Application - tracing interests
- 241 Application - change in control test
- 242 Application - sections 62A and 76A (false or misleading information and documents)
- 243 Application-section 62B (effect of revocation or variation of exemption certificate)
- 244 Application-time limits and decision period extensions
- 245 Application - directions
- 246 Application-amount of civil penalty for failing to give notice
- 247 Transitional-notice of action that is notifiable but not significant
- 248 Application-vacancy fee returns where persons jointly hold interest in land
- 249 Application-more coordinated information sharing and gathering
- 250 Application - court orders
- Schedule 2 Compliance and enforcement
- Part 1 Amendments
- Foreign Acquisitions and Takeovers Act 1975
- 1 Section 4
- 2 Section 83
- 3 Section 84 (penalty)
- 4 Section 85 (penalty)
- 5 Section 86 (penalty)
- 6 Section 87 (penalty)
- 7 Subsection 88(1) (penalty)
- 8 Section 89
- 9 Section 89 (penalty)
- 10 At the end of section 89
- 11 Section 92
- 12 Section 92 (penalty)
- 13 At the end of section 92
- 14 Section 93
- 15 Subsection 94(4)
- 16 At the end of Division 3 of Part 5
- 17 Subdivision A of Division 4 of Part 5 (heading)
- 18 Subsection 99(2)
- 19 After subsection 99(2B)
- 20 Subsection 99(2C)
- 21 Subsection 99(4)
- 22 After section 99
- 23 Paragraph 100(1)(a)
- 24 After paragraph 100(1)(b)
- 25 After paragraph 100(1)(c)
- 26 Subsection 100(2)
- 27 After subsection 100(3)
- 28 Subsection 100(4)
- 29 After subsection 100(4B)
- 30 Subsection 100(4C)
- 31 Subsection 100(5)
- 32 Paragraph 100(5)(a)
- 33 Paragraph 100(5)(b)
- 34 At the end of subsection 100(6)
- 35 Section 101 (heading)
- 36 Paragraphs 101(1)(b) and (c)
- 37 After subsection 101(1)
- 38 Subsection 101(2)
- 39 At the end of Subdivision A of Division 4 of Part 5
- 40 Before Subdivision B of Division 4 of Part 5
- 41 After section 115D
- 42 After subparagraph 115K(2)(b)(i)
- 43 Subsection 119(1) (penalty)
- 44 Subsection 133(5) (penalty)
- 45 After paragraph 135(3)(b)
- 46 At the end of section 137
- 47 Subsection 138(1) (heading)
- 48 After subsection 138(3)
- Part 2 Application provisions
- Division 1 General
- 49 Application - false or misleading information and documents and section 98B
- 50 Application - failure to notify and sections 98C, 98D and 98E
- 51 Application - penalties
- 52 Application - infringement notices
- 53 Application - vacancy fee liability-false or misleading vacancy fee return
- Division 2 Application of Regulatory Powers (Standard Provisions) Act 2014
- 54 Definitions
- 55 Application - monitoring powers
- 56 Application - investigation powers
- 57 Application - enforceable undertakings
- Part 3 Contingent amendments
- Foreign Acquisitions and Takeovers Act 1975
- 58 Subparagraph 101A(6)(a)(iii)
- 59 Paragraph 101A(8)(b)
- 60 Subparagraph 101B(5)(a)(iii)
- 61 Paragraph 101B(7)(b)
- 62 Paragraph 101C(3)(b)
- Schedule 3 Register of Foreign Ownership of Australian Assets
- Part 1 Amendments
- Foreign Acquisitions and Takeovers Act 1975
- 1 At the end of section 3
- 2 Section 4
- 3 After section 26
- 4 Section 116
- 5 At the end of subsection 117(1)
- 6 At the end of section 118
- 7 After section 126
- 8 After Part 7
- 9 Subsection 133(1)
- 10 At the end of section 135
- 11 Subsection 137(1)
- 12 Subsection 137(2)
- 13 After subsection 137(2)
- Part 2 Repeals
- Register of Foreign Ownership of Water or Agricultural Land Act 2015
- 14 The whole of the Act
- Part 3 Amendments consequential on repeal
- Foreign Acquisitions and Takeovers Act 1975
- 15 Paragraph 101A(3)(b)
- 16 Paragraph 101A(3)(c)
- 17 Paragraph 101B(2)(b)
- 18 Paragraph 101B(2)(c)
- Part 4 Transitional provisions
- 19 Definitions
- 20 Transitional registered interest-interest in agricultural land
- 21 Transitional - interest in water
- 22 Transitional - interest in agricultural land not previously notified to the Commissioner of Taxation
- 23 Transitional - interest in water not previously notified to the Commissioner of Taxation
- 24 Transitional rules
- 25 Final report under section 34 of the old Register Act
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
