Foreign Acquisitions and Takeovers Act 1975

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

Division 2 - The Register of Foreign Ownership of Australian Assets  

SECTION 130W   GIVING NOTICE TO REGISTRAR  

130W(1)    
This section applies if a person is required to give a register notice to the Registrar.

130W(2)    
The person must give the notice:

(a)    in accordance with the data standards; and

(b)    before the end of 30 days after the registrable event day for the notice (or a longer period under section 130Z ).

130W(3)    
If:

(a)    a person gives a register notice to the Registrar; and

(b)    the giving of the notice would (but for this subsection) result in a registered circumstance existing in relation to the person; and

(c)    the registered circumstance would have ceased before the notice was given;

the registered circumstance does not exist in relation to the person (and does not cease).

Note: The data standards may require the register notice to include information relating to an event that results in a registered circumstance not existing under this subsection.

130W(4)    
If:

(a)    a person gives a register notice to the Registrar; and

(b)    at the time the person gives the register notice, the person is not a foreign person;

no registered circumstance exists in relation to the person as a result of the register notice.

Note: The data standards may require the register notice to include information about whether the person is a foreign person at the time the notice is given.

130W(5)    
The provisions of Division 3 (including any regulations made for the purposes of subsection 130ZU(1) ) do not limit each other, and:

(a)    notice of a single event may need to be given under more than one provision or by more than one person; and

(b)    a single event may result in registered circumstances existing under more than one provision.

Note: However, the data standards may provide for register notices under multiple provisions to be given in a single notice (see paragraph 130ZZ(2)(j) ).