Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 130ZD

  (1)   A foreign person must give a register notice to the Registrar if:

  (a)   a registered circumstance exists in relation to the person (including a registered circumstance affected by a previous application of this section); and

  (b)   the Register records the registered circumstance as relating to the person holding any of the following kinds of interest:

  (i)   an interest in residential land;

  (ii)   an interest in commercial land;

  (iii)   an interest in agricultural land;

  (iv)   an interest in a mining or production tenement;

  (v)   an interest (within the meaning of section   130ZB) in an exploration tenement; and

  (c)   while the registered circumstance exists, the interest becomes an interest (the new interest ) of a kind mentioned in another subparagraph of paragraph   (b); and

  (d)   the foreign person is aware, or ought reasonably to have become aware, of the change mentioned in paragraph   (c).

Note:   A registered circumstance may exist only on or after the Register commencement day.

  (2)   If a foreign person gives a register notice under this section, the registered circumstance becomes a registered circumstance under this section (without ceasing).

  (3)   The registered circumstance ceases if the foreign person ceases to hold the new interest.

  (4)   The registrable event day for a register notice under this section is the first day on which the person is aware, or ought reasonably to have become aware, of the change mentioned in paragraph   (1)(c).