Foreign Acquisitions and Takeovers Act 1975
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Hide history noteSubsection (2) applies if: (a) an exemption certificate relates to one or more exempt core Part 3 actions; and (b) the person to whom the exemption certificate relates takes one of those exempt core Part 3 actions; and (c) if regulations made for the purposes of this paragraph specified requirements - those requirements are met.
98D(2)
The person must give the Treasurer a notice in accordance with subsection (3) no later than 30 days after the latest of the following days: (a) the day on which the person took the exempt core Part 3 action; (b) if the exempt core Part 3 action is the acquisition of an interest in a security, asset, trust or Australian land, and section 15 applies in relation to the acquisition - the day on which the person acquired the interest in a security, asset, trust or Australian land (disregarding section 15 ).
Civil penalty: 250 penalty units.
98D(3)
The notice must: (a) describe the exempt core Part 3 action; and (b) state the day on which it was taken; and (c) meet any other requirements specified in regulations made for the purposes of this paragraph.
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