Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) a corporation is given a request under subsection 46D(2) or (4) at a particular time (the request time ); and
(b) the corporation is capable of complying with the request; and
(c) the corporation refuses or fails to comply with the request; and
(d) the Minister notifies the Regulator, in writing, that the Minister considers that the non - compliance is significant.
(2) No exemption certificates are to be issued to the corporation in relation to the activity for:
(a) the first year that begins after the request time; and
(b) any of the next 4 years after that year.