Treasury Laws Amendment (Housing Tax Integrity) Act 2017 (126 of 2017)
Schedule 3 Vacancy fees for foreign acquisitions of residential land
Part 1 Amendments
Foreign Acquisitions and Takeovers Act 1975
2 Subsection 100(1)
Repeal the subsection, substitute:
Provisions subject to an infringement notice
(1) The following provisions are subject to an infringement notice under Part 5 of the Regulatory Powers Act:
(a) the provisions of Subdivision C of Division 3 (civil penalties relating to residential land);
(b) subsection 115D(1) (vacancy fee liability - vacancy fee return);
(c) subsection 115G(1) (vacancy fee liability - requirement to keep records).
Note: Part 5 of the Regulatory Powers Act creates a framework for using infringement notices in relation to provisions.