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
65 Section 50 (paragraph beginning "One or more persons")
Omit "One or more persons who hold a substantial interest or an aggregate substantial interest in an entity are taken to control the entity.", substitute "A person who holds a substantial interest in an entity is taken to control the entity.".
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