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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 130ZZ

Data standards

  (1)   The Registrar may, by legislative instrument, determine data standards on matters relating to the performance of the Registrar's functions and the exercise of the Registrar's powers.

  (2)   Without limiting subsection   (1), the data standards may provide for any of the following:

  (a)   the manner and form in which register notices must be given to the Registrar (including by requiring register notices to be given by electronic communication);

  (b)   information or documents that must accompany a register notice;

  (c)   how information held by the Registrar is to be authenticated, verified or validated;

  (d)   how information held by the Registrar is to be stored;

  (e)   correcting or updating information held by the Registrar;

  (f)   making available to a person:

  (i)   information included on the Re gister as a result of a register notice given to the Registrar by the person; and

  (ii)   information about a registered circumstance that relates to a person, including about whether such a registered circumstance exists;

  (g)   making information mentioned in paragraph   (f) available to the executor or administrator of the estate of a person who has died, or to the liquidator of a person that is or was a corporation and is being or has been wound up;

  (h)   the manner and form of communication between the Registrar and persons who give information to the Registrar or seek to access information held by the Registrar;

  (i)   integrating or linking information held by the Registrar;

  (j)   combining register notices under multiple provisions into a single register notice.

 



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