Foreign Investment Reform (Protecting Australia's National Security) Regulations 2020 (F2020L01568)

Schedule 1   National security

Foreign Acquisitions and Takeovers Regulation 2015

35   After section 61

Insert:

61A Time limit for taking action specified in notice imposing conditions

For the purposes of paragraph 79H(6)(a) of the Act, the period prescribed is 12 months.

Note: An action to which a notice imposing conditions relates must be taken before the end of that 12-month period or that period as extended under the Act.