As we understand it, the proposal would eliminate ministerial discretion in subsection 25.3(1) to determine whether the threshold for an order to further review certain investments had been met. Also, subsection 25.3(6) allows the minister to recommend a block or a divestment for every SOE transaction involving a previous transaction only if it was already subject to a net benefit review under the ICA.
Essentially, the notion of subsequent takeovers has been discussed. As we noted, those are already subject to national security review. This would essentially prompt the minister to always go to section 25.3 of the act and issue an order in the cases in which that was the case.