(1) The ACMA may, by written notice given to a foreign stakeholder in an Australian media company, require the foreign stakeholder to:
(a) notify the ACMA of:
(i) the foreign stakeholder's company interests in the company; and
(ii) the method used to determine those company interests; and
(iii) such other information (if any) relating to the foreign stakeholder as is specified under subsection (2); and
(b) do so within the period specified in the notice.
(2) The ACMA may, by legislative instrument, specify information for the purposes of subparagraph (1)(a)(iii).
(3) A period specified under paragraph (1)(b) must not be shorter than 14 days after the notice is given.
Civil penalty provision
(4) Subsection (1) is a civil penalty provision.
(5) A person who contravenes subsection (1) commits a separate contravention of that subsection in respect of each day (including a day of the making of a relevant civil penalty order or any subsequent day) during which the contravention continues.
Designated infringement notice provision
(6) Subsection (1) is a designated infringement notice provision.
(7) A person is not required to notify information under subsection (1) if the information might tend to incriminate the person or expose the person to a penalty.