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

119   At the end of paragraph 74(2)(a)

Add:

(iii) for subsection (1A) and in relation to an action proposed to be taken - a condition that the Treasurer is satisfied is necessary to ensure the action, if taken, will not be contrary to national security;

(iv) for subsection (1A) and in relation to an action that has been taken - a condition that the Treasurer is satisfied is necessary to ensure the action is not contrary to national security; and