Foreign Acquisitions and Takeovers Act 1975

PART 2 - ACTIONS TO WHICH THIS ACT APPLIES  

Division 3 - Meaning of notifiable action  

SECTION 49   ACTIONS THAT ARE NOT NOTIFIABLE ACTIONS - EXEMPTION CERTIFICATES  

49(1)    
Despite this Division, an action is not a notifiable action if:

(a) the action is a foreign person acquiring an interest in Australian land; and

(b) the action would not be a significant action under section 45 (actions that are not significant actions - exemption certificates).

49(2)    
The regulations may provide, in relation to exemption certificates in force under regulations made for the purposes of section 63 , that an action of a specified kind is not a notifiable action .