Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)
Schedule 2 Compliance and enforcement
Part 1 Amendments
Foreign Acquisitions and Takeovers Act 1975
7 Subsection 88(1) (penalty)
Repeal the penalty, substitute:
Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the developer is a corporation), or both.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
