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
158 At the end of Division 2 of Part 5
Add:
88A Contravening directions and interim directions
A person commits an offence if:
(a) the person has been directed by the Treasurer under subsection 79R(3) or 79V(3); and
(b) the person engages in conduct; and
(c) the person does so in contravention of the direction.
Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.
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