Foreign Acquisitions and Takeovers Act 1975
PART 4
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NOTICES REQUIRED FOR NOTIFIABLE ACTIONS AND NOTIFIABLE NATIONAL SECURITY ACTIONS, AND MAY BE GIVEN OF OTHER ACTIONS
SECTION 81
COMPULSORY NOTICE OF NOTIFIABLE ACTIONS AND NOTIFIABLE NATIONAL SECURITY ACTIONS
81(1)
A foreign person who proposes to take a notifiable action or notifiable national security action (other than because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities)) must give a notice to the Treasurer before taking the action.
81(1A)
A foreign person who takes a notifiable action or notifiable national security action because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities) must give a notice to the Treasurer before the end of 30 days after the action is taken.
81(2)
If a person takes an action by entering an agreement, the notice must deal with each notifiable action or notifiable national security action covered by the agreement.
View history note
Hide history noteA foreign person who proposes to take a notifiable action or notifiable national security action (other than because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities)) must give a notice to the Treasurer before taking the action.
81(1A)
A foreign person who takes a notifiable action or notifiable national security action because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities) must give a notice to the Treasurer before the end of 30 days after the action is taken.
Note: The notice may be given before or after the action is taken.
81(2)
If a person takes an action by entering an agreement, the notice must deal with each notifiable action or notifiable national security action covered by the agreement.
Note: See also subsections 15(4) and (5) (provisions of agreements that are not currently binding), Parts 5 (offences and civil penalties) and 6 (fees) and section 135 (manner of notification and application).
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