Foreign Acquisitions and Takeovers Regulation 2015 (Cth)

PART 5B - REGISTER OF FOREIGN OWNERSHIP OF AUSTRALIAN ASSETS  

Division 5 - Other matters  

SECTION 58M   TREASURER MAY EXTEND TIME FOR GIVING REGISTER NOTICES  

58M(1)    
For the purposes of section 130Z of the Act, the Treasurer may, by legislative instrument, make provision for and in relation to extending the period in paragraph 130W(2)(b) of the Act in which a register notice must be given to the Registrar.

58M(2)    
Without limiting subsection (1) , an instrument under that subsection may do any of the following:

(a)    provide for extensions that apply only if conditions are met, and provide for the Treasurer to impose such conditions generally, or in particular cases;

(b)    provide for extensions that apply to specified persons;

(c)    confer a power to make a decision of an administrative character on the Treasurer.