Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a person who was a foreign stakeholder in an Australian media company has ceased to be a foreign stakeholder in the company, the person must, within 30 days after the cessation, notify the ACMA in writing of:
(a) the cessation; and
(b) the circumstances that resulted in the cessation.
Civil penalty provision
(2) Subsection (1) is a civil penalty provision.
(3) A person who contravenes subsection (1) commits a separate contravention of that subsection in respect of each day (including a day of the making of a relevant civil penalty order or any subsequent day) during which the contravention continues.
Designated infringement notice provision
(4) Subsection (1) is a designated infringement notice provision.
Self - incrimination
(5) A person is not required to notify information under subsection (1) if the information might tend to incriminate the person or expose the person to a penalty.