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

155   After section 85

Insert:

85A Taking action while prohibited by this Act

A person commits an offence if:

(a) the person takes an action; and

(b) the action is taken when prohibited by paragraph 79A(3)(b) or subsection 79A(4).

Penalty: Imprisonment for 10 years, or 15,000 penalty units, or both.