[IA 7] Protection of national security interests7 

7
(1) The Minister may prohibit a foreign direct investment for the protection of national security interests.
(2) A foreign investor intending to invest in a sector that may have potential effects on, inter alia
  • (a)critical infrastructure such as energy, transport, communications, data storage or financial infrastructure;
  • (b)critical technologies such as artificial intelligence, robotics, semiconductors, technology with potential dual use application, cyber security or nuclear technology;
  • (c)the security of supply of critical inputs; or
  • (d)access to sensitive information or the ability to control sensitive information,

must submit a proposal of the investment to the Minister for an approval to invest in that sector.

(3) The process for an approval made under subsection (2), may be prescribed by regulations.