Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 130ZR

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

  (a)   one or more registered circumstances relate to the person; and

  (b)   the person ceases to be a foreign person.

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

  (2)   Each such registered circumstance ceases when the register notice is given. No register notice under section   130ZQ is required for the cessation of a registered circumstance under this subsection.

  (3)   Subject to subsections   (5) and (7) of this section, the registrable event day for a register notice under this section is the day on which the person ceases to be a foreign person.

Notice by executor or administrator of person who has died

  (4)   If the person ceases to be a foreign person because the person dies, the executor or administrator of the person's estate must give the register notice to the Registrar.

Note:   The executor or administrator may also be required to give a register notice or notices under section   130ZS.

  (5)   If subsection   (4) applies to a register notice, the registrable event day for the register notice under this section is the day on which the executor or administrator is appointed.

Notice by liquidator of corporation that is wound up

  (6)   If the person ceases to be a foreign person because the person is a corporation that is wound up, the liquidator of the corporation must give the register notice to the Registrar.

Note:   The liquidator may also be required to give a register notice or notices under section   130ZT.

  (7)   If subsection   (6) applies to a register notice, the registrable event day for the register notice under this section is the day on which the corporation is wound up.