Foreign Acquisitions and Takeovers Act 1975

PART 5 - OFFENCES AND CIVIL PENALTIES  

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History

Pt 5 inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Division 4 - Miscellaneous  

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History

Div 4 inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Subdivision C - Recovering unpaid penalties  

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History

Subdiv C inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

SECTION 108   WHEN THE COMMONWEALTH CAN BEGIN DEALING WITH INTERESTS IN LAND  

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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.

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History

S 108 inserted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

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