Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 98D

  (1)   Subsection   (2) applies if:

  (a)   an exemption certificate relates to one or more exempt core Part   3 actions; and

  (b)   the person to whom the exemption certificate relates takes one of those exempt core Part   3 actions; and

  (c)   if regulations made for the purposes of this paragraph specified requirements--those requirements are met.

  (2)   The person must give the Treasurer a notice in accordance with subsection   (3) no later than 30 days after the latest of the following days:

  (a)   the day on which the person took the exempt core Part   3 action;

  (b)   if the exempt core Part   3 action is the acquisition of an interest in a security, asset, trust or Australian land, and section   15 applies in relation to the acquisition--the day on which the person acquired the interest in a security, asset, trust or Australian land (disregarding section   15).

Civil penalty:   250 penalty units.

  (3)   The notice must:

  (a)   describe the exempt core Part   3 action; and

    (b)   state the day on which it was taken; and

  (c)   meet any other requirements specified in regulations made for the purposes of this paragraph.