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
56 Section 38
Repeal the section, substitute:
38 Simplified outline
This Part defines the concepts of significant action , notifiable action , notifiable national security action and reviewable national security action .
The Treasurer has powers under Part 3 in respect of these kinds of actions.
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