Register of Foreign Ownership of Agricultural Land Amendment (Water) Act 2016 (96 of 2016)

Schedule 1   Amendments

Part 2   Other amendments

Foreign Acquisitions and Takeovers Act 1975

36   After subsection 99(2)

Insert:

(2A) The Treasurer may, in writing, delegate to:

(a) the Secretary; or

(b) an SES employee, or acting SES employee, in the Department;

the Treasurer's powers and functions under Part 4 of the Regulatory Powers Act as an authorised applicant in relation to the civil penalty provisions of this Act.

(2B) The Commissioner of Taxation may, in writing, delegate to an SES employee, or acting SES employee, in the Australian Taxation Office the Commissioner's powers and functions under Part 4 of the Regulatory Powers Act as an authorised applicant in relation to the civil penalty provisions of this Act.

(2C) In exercising powers or performing functions delegated under subsection (2A) or (2B), a delegate must comply with any directions of the delegator.


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