Foreign Acquisitions and Takeovers Act 1975

PART 2 - ACTIONS TO WHICH THIS ACT APPLIES  

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History

Pt 2 heading substituted by No 114 of 2020, s 3, Sch 1[55] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

Pt 2 substituted 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 5 - Exemption certificates  

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History

Div 5 inserted by No 150 of 2015, s 3, Sch 1[4].

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

SECTION 60   OTHER MATTERS THAT MAY BE SPECIFIED BY EXEMPTION CERTIFICATES  

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60(1)    
An exemption certificate may specify:

(a) one or more conditions; and

(b) a period during which the certificate is in force; and

(c) any other matter.

Note 1: For offences and civil penalties for failing to comply with a condition, see Part 5 .

Note 2: An example of a condition that may be specified in an exemption certificate is a condition requiring that an interest or kind of interest be acquired in land within a specified area.

60(2)    

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An exemption certificate may:

(a)    in respect of a certificate taken to be given under section 57 , 58 or 59 - deal with the interests or kinds of interests to which the certificate relates; or

(b)    in respect of a certificate taken to be given under the regulations - deal with the interest or kinds of interests, or the action or kinds of actions, to which the certificate relates.

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History

S 60(2) substituted by No 114 of 2020, s 3, Sch 1[74] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

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 Hide history note

History

S 60 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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