Foreign Acquisitions and Takeovers Act 1975
View history note
Hide history noteA person contravenes this subsection if: (a) the person:
(i) has been directed by the Treasurer under subsection 79R(3) in relation to a relevant contravention as mentioned in subsection 79R(1) ; or
(b) the provision to which the relevant contravention relates is a civil penalty provision; and (c) the person engages in conduct; and (d) the person does so in contravention of the direction.
(ii) has been directed by the Treasurer under subsection 79V(3) in relation to a relevant contravention as mentioned in subsection 79V(1) ; and
98A(2)
A person who contravenes subsection (1) is liable to a civil penalty.
98A(3)
The maximum penalty for the contravention is: (a) unless paragraph (b) applies - 5,000 penalty units; or (b) if the person is a corporation - 50,000 penalty units.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
