What the official record says
This Act is the Overseas Investment (Restriction on Foreign Ownership of Land) Amendment Act . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Overseas Investment Act 2005 (the ). The purpose of this Act is to prevent foreign ownership of sensitive land. Repeal section 10(1)(a). After section 10, insert: No consent can be granted for overseas investment in sensitive land. In section 14(1)(c) and (d), delete “section 16 or” in each place. Repeal section 16. Repeal section 17. Repeal section 20. Repeal section 61(1)(b) and (c). In section 61(1)(d), delete “under section 17(2)(g) of this Act or”.