Foreign Acquisitions and Takeovers Act 1975
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Hide history noteThis 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) ).
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