Executive summary
On 10 December 2020, two significant changes to Australia’s foreign investment regime received Royal Assent – the Foreign Investment Reform (Protecting Australia’s National Security) Act 2020 (Cth) and the Foreign Acquisitions and Takeovers Fees Imposition Amendment Act 2020 (Cth). The new legislation (Major Reform) will commence on 1 January 2021 and aims to ensure that Australia’s foreign investment framework keeps pace with emerging risks and global developments.
The key …