Foreign Acquisitions and Takeovers Act 1975

PART 6A - VACANCY FEES FOR FOREIGN ACQUISITIONS OF RESIDENTIAL LAND  

Division 3 - Vacancy fees: recovery of unpaid fees  

SECTION 115L   VACANCY FEE RECOVERY - TREASURER ' S DECLARATION RELATING TO CHARGE OVER LAND  

115L(1)    
The Treasurer may, by notifiable instrument, declare that section 115K applies in relation to a specified interest in Australian land held by a person if satisfied that the declaration is necessary to secure the payment of:

(a) unpaid vacancy fees; and

(b) unpaid vacancy penalties (if any).

115L(2)    
A declaration under subsection (1) must specify:

(a) the time the declaration is to come into force; and

(b) the Australian land to which section 115K applies.