The Security Legislation Amendment (Critical Infrastructure) Act 2021 was registered on the Federal Register of Legislation on 7 December 2021.
It expands the number of critical infrastructure assets under the Security of Critical Infrastructure Act 2018, with flow-on implications for notification requirements under the Foreign Acquisitions and Takeovers Act 1975.
The Treasury will shortly update the National Security Guidance Note to reflect the changes. Investors or their advisors can call the FIRB Enquiries Line (02 6263 3795 from Australia or +61 2 6263 3795 from overseas) for questions on how the new requirements apply to specific foreign investment proposals.