Foreign Acquisitions and Takeovers Act 1975
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Hide history noteConditions in no objection notifications
93(1)
A person who is given a no objection notification must not contravene a condition specified in the notification that relates to a core Part 3 action.
93(2)
A person who contravenes subsection (1) is liable to a civil penalty.
93(3)
The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following:
(i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation);
(ii) the amount worked out under section 98F for the core Part 3 action.
Conditions in notice imposing conditions
93(4)
A person who is given a notice imposing conditions must not contravene a condition specified in the notice that relates to an action.
93(5)
A person who contravenes subsection (4) is liable to a civil penalty.
93(6)
The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following:
(i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation);
(ii) the amount worked out under section 98F for the action.
Conditions in exemption certificates
93(7)
A person who is specified in an exemption certificate must not contravene a condition specified in the certificate.
Civil penalty: 5,000 penalty units (or 50,000 penalty units if the person is a corporation).
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