Foreign Acquisitions and Takeovers Act 1975

PART 2 - ACTIONS TO WHICH THIS ACT APPLIES  

Division 5 - Exemption certificates  

SECTION 59   EXEMPTION CERTIFICATES FOR ESTABLISHED DWELLINGS  

59(1)    
A foreign person may apply for a certificate under this section if the foreign person or any other foreign person proposes to acquire an interest in an established dwelling.

Note: See also Part 6 (fees) and section 135 (manner of notification and application).

59(2)    
The Treasurer may give a certificate if the Treasurer is satisfied that the acquisition of the interest by that foreign person is not contrary to the national interest.

59(3)    
The certificate must specify:

(a) the person to whom the certificate relates; and

(b) the interest to which the certificate relates.

Note: For other things that the certificate may specify, see section 60 .