Foreign Acquisitions and Takeovers Act 1975

PART 5 - OFFENCES AND CIVIL PENALTIES  

Division 2 - Offences  

SECTION 87  

87   CONTRAVENING CONDITIONS  

A person commits an offence if:

(a) any of the following applies:

(i) the person is given a no objection notification under section 74 ;

(ii) the person is given a notice imposing conditions;

(iii) the person is specified in an exemption certificate; and

(b) the notification, notice or certificate includes a condition; and

(c) the person engages in conduct; and

(d) the conduct contravenes the condition.

Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.