Commonwealth Consolidated Acts

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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 59

Exemption certificates for established dwellings

  (1)   A foreign person may apply for a certificate under this section if the foreign person or any other foreign person proposes to acquire an interest in an established dwelling.

Note:   See also Part   6 (fees) and section   135 (manner of notification and application).

  (2)   The Treasurer may give a certificate if the Treasurer is satisfied that the acquisition of the interest by that foreign person is not contrary to the national interest.

  (3)   The certificate must specify:

  (a)   the person to whom the certificate relates; and

  (b)   the interest to which the certificate relates.

Note:   For other things that the certificate may specify, see section   60.



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