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

Schedule 4   Integrity amendments

Part 3   Moneylending agreements

Foreign Acquisitions and Takeovers Regulation 2015

8   After subsection 27(2)

Insert:

Interests relating to national security land or national security businesses

(2A) For an interest of any of the following kinds acquired by way of enforcement of a security as mentioned in subparagraph (1)(a)(ii):

(a) an interest in Australian land that, at the time of the acquisition, is national security land;

(b) a legal or equitable interest in an exploration tenement in respect of Australian land that, at the time of the acquisition, is national security land;

(c) an interest in an asset of a national security business;

(d) an interest in securities in an entity that carries on a national security business;

the Act does not apply in relation to the interest only if the entity that acquires the interest is covered by subparagraph (1)(b)(v).