Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 60

  (1)   An exemption certificate may specify:

  (a)   one or more conditions; and

  (b)   a period during which the certificate is in force; and

  (c)   any other matter.

Note 1:   For offences and civil penalties for failing to comply with a condition, see Part   5.

Note 2:   An example of a condition that may be specified in an exemption certificate is a condition requiring that an interest or kind of interest be acquired in land within a specified area.

  (2)   An exemption certificate may:

  (a)   in respect of a certificate taken to be given under section   57, 58 or 59--deal with the interests or kinds of interests to which the certificate relates; or

  (b)   in respect of a certificate taken to be given under the regulations--deal with the interest or kinds of interests, or the action or kinds of actions, to which the certificate relates.