Commonwealth Consolidated Acts

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BROADCASTING SERVICES ACT 1992 - SECT 74K

Notification by a person who is a foreign stakeholder in an Australian media company--requirement by the ACMA

             (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.

Self-incrimination

             (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.



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