Foreign Acquisitions and Takeovers Act 1975

PART 7A - THE REGISTER OF FOREIGN OWNERSHIP OF AUSTRALIAN ASSETS  

Division 3 - Requirements to give register notices to the Registrar  

Subdivision D - Requirements relating to registered circumstances  

SECTION 130ZQ   REGISTERED CIRCUMSTANCE CEASES  

130ZQ(1)    
A foreign person must give a register notice to the Registrar if:

(a)    a registered circumstance that relates to the foreign person ceases; and

(b)    the foreign person is aware, or ought reasonably to have become aware, of the cessation.

Note 1: A register notice need not be given under this section if a registered circumstance ceases before the register notice that would give rise to the registered circumstance is given. However, the data standards may require a register notice to state whether the registered circumstance has already ceased at the time the register notice is given.

Note 2: A registered circumstance may exist only on or after the Register commencement day.

130ZQ(2)    
The registrable event day for a register notice under this section is the day on which the foreign person is aware, or ought reasonably to have become aware, that the registered circumstance has ceased.

130ZQ(3)    
However, if the registered circumstance is a registered circumstance under section 130ZE or 130ZF (registrable water interests), the registrable event day for a register notice under this section is the last day of the financial year in which the registered circumstance ceases.