Foreign Acquisitions and Takeovers Act 1975
PART 5
-
OFFENCES AND CIVIL PENALTIES
Division 4
-
Miscellaneous
Subdivision C
-
Recovering unpaid penalties
SECTION 108
WHEN THE COMMONWEALTH CAN BEGIN DEALING WITH INTERESTS IN LAND
108(1)
The Treasurer, and persons acting on the Commonwealth ' s behalf, can dispose of, or otherwise deal with, a person ' s interest in Australian land that vests under section 107 only after the later of the following times:
(a) if the period provided for lodging an appeal against the finding in relation to the person mentioned in subsection 104(1) has ended without such an appeal having been lodged - the end of that period;
(b) if an appeal against the finding in relation to the person has been lodged - the appeal lapses or is finally determined.
108(2)
However, such disposals and dealings may occur earlier with the leave of a court and in accordance with any directions of a court.
View history note
Hide history noteThe Treasurer, and persons acting on the Commonwealth ' s behalf, can dispose of, or otherwise deal with, a person ' s interest in Australian land that vests under section 107 only after the later of the following times:
(a) if the period provided for lodging an appeal against the finding in relation to the person mentioned in subsection 104(1) has ended without such an appeal having been lodged - the end of that period;
(b) if an appeal against the finding in relation to the person has been lodged - the appeal lapses or is finally determined.
108(2)
However, such disposals and dealings may occur earlier with the leave of a court and in accordance with any directions of a court.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.