Foreign Acquisitions and Takeovers Act 1975

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

Division 5 - Miscellaneous  

SECTION 130ZZ   DATA STANDARDS  

130ZZ(1)    
The Registrar may, by legislative instrument, determine data standards on matters relating to the performance of the Registrar ' s functions and the exercise of the Registrar ' s powers.

130ZZ(2)    
Without limiting subsection (1), the data standards may provide for any of the following:

(a)    the manner and form in which register notices must be given to the Registrar (including by requiring register notices to be given by electronic communication);

(b)    information or documents that must accompany a register notice;

(c)    how information held by the Registrar is to be authenticated, verified or validated;

(d)    how information held by the Registrar is to be stored;

(e)    correcting or updating information held by the Registrar;

(f)    making available to a person:

(i) information included on the Register as a result of a register notice given to the Registrar by the person; and

(ii) information about a registered circumstance that relates to a person, including about whether such a registered circumstance exists;

(g)    making information mentioned in paragraph (f) available to the executor or administrator of the estate of a person who has died, or to the liquidator of a person that is or was a corporation and is being or has been wound up;

(h)    the manner and form of communication between the Registrar and persons who give information to the Registrar or seek to access information held by the Registrar;

(i)    integrating or linking information held by the Registrar;

(j)    combining register notices under multiple provisions into a single register notice.