Foreign Acquisitions and Takeovers Act 1975
PART 7
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ADMINISTRATIVE PROVISIONS
Division 2
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Record-keeping
SECTION 119
OFFENCE FOR FAILING TO MAKE AND KEEP RECORDS
119(1)
A person commits an offence if:
(a) the person is required to make and keep a record under this Division; and
(b) the person does not make or keep the record in accordance with this Division; and
(c) the Treasurer has not notified the person that the person does not need to make or keep the record; and
(d) the person is not a corporation that has been finally dissolved.
119(2)
Subsection (1) is an offence of strict liability.
View history note
Hide history noteA person commits an offence if:
(a) the person is required to make and keep a record under this Division; and
(b) the person does not make or keep the record in accordance with this Division; and
(c) the Treasurer has not notified the person that the person does not need to make or keep the record; and
(d) the person is not a corporation that has been finally dissolved.
Penalty: 250 penalty units.
119(2)
Subsection (1) is an offence of strict liability.
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