Foreign Acquisitions and Takeovers Act 1975
View history note
Hide history noteA person commits an offence if:
(a) any of the following applies:
(i) the person is given a no objection notification under section 74 ;
(ii) the person is given a notice imposing conditions;
(iii) the person is specified in an exemption certificate; and
(b) the notification, notice or certificate includes a condition; and
(c) the person engages in conduct; and
(d) the conduct contravenes the condition.
Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.
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