I would compartmentalize the question into two parts.
One, investments into Canada from foreign actors are reviewable under the national security provisions regardless of threshold. There is no threshold. This also includes, as I noted, intangible assets and a portion of a given entity or organization. I am aware that we have actually utilized that power in the past.
With respect to the possibility for organizations to try to sell off a portion and then rebundle that portion, I would say that those transactions are reviewable, particularly at first instance when that foreign investor is actually acquiring that. Should there be a subsequent sale, it would depend on the specifics of the use case, on who was selling it and to whom, as to the interaction with the Investment Canada Act. If that was a subsequent sale that had already been reviewed and was now an indirect transaction, it would still be subject to national security considerations. If it was an indirect sale above threshold, it would not necessarily apply to the net benefit, because the first transaction would have—in the sense that the first transaction, either in whole or in part of an organization, including their intangible assets, would have been subject to the ICA on national security grounds.