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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 130W

Giving notice to Registrar

  (1)   This section applies if a person is required to give a register notice to the Registrar.

  (2)   The person must give the notice:

  (a)   in accordance with the data standards; and

  (b)   before the end of 30 days after the registrable event day for the notice (or a longer period under section   130Z).

  (3)   If:

  (a)   a person gives a register notice to the Registrar; and

  (b)   the giving of the notice would (but for this subsection) result in a registered circumstance existing in relation to the person; and

  (c)   the registered circumstance would have ceased before the notice was given;

the registered circumstance does not exist in relation to the person (and does not cease).

Note:   The data standards may require the register notice to include information relating to an event that results in a registered circumstance not existing under this subsection.

  (4)   If:

  (a)   a person gives a register notice to the Registrar; and

  (b)   at the time the person gives the register notice, the person is not a foreign person;

no registered circumstance exists in relation to the person as a result of the register notice.

Note:   The data standards may require the register notice to include information about whether the person is a foreign person at the time the notice is given.

  (5)   The provisions of Division   3 (including any regulations made for the purposes of subsection   130ZU(1)) do not limit each other, and:

  (a)   notice of a single event may need to be given under more than one provision or by more than one person; and

  (b)   a single event may result in registered circumstances existing under more than one provision.

Note:   However, the data standards may provide for register notices under multiple provisions to be given in a single notice (see paragraph   130ZZ(2)(j)).



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