The Foreign Investment Reform (Protecting Australia's National Security) Bill 2020 (the Bill) amends the Foreign Acquisitions and Takeovers Act 1975 (the FATA) to improve and update the operation of Australia’s foreign investment framework in relation to national security, compliance monitoring and enforcement and integrity, while remaining welcoming and open to foreign investment.
The proposed changes follow the government’s policy announcement on 5 June 2020, and Treasury’s subsequent consultation on the draft reforms in August and September.
Current foreign investment framework
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