Foreign Acquisitions and Takeovers Act 1975

PART 5 - OFFENCES AND CIVIL PENALTIES  

Division 2 - Offences  

SECTION 88A  

88A   CONTRAVENING DIRECTIONS AND INTERIM DIRECTIONS  

A person commits an offence if:

(a)    the person has been directed by the Treasurer under subsection 79R(3) or 79V(3) ; and

(b)    the person engages in conduct; and

(c)    the person does so in contravention of the direction.

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