Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 87

    A person commits an offence if:

  (a)   any of the following applies:

  (i)   the person is given a no objection notification under section   74;

  (ii)   the person is given a notice imposing conditions;

  (iii)   the person is specified in an exemption certificate; and

  (b)   the notification, notice or certificate includes a condition; and

  (c)   the person engages in conduct; and

  (d)   the conduct contravenes the condition.

Penalty:   Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.