Foreign Acquisitions and Takeovers Act 1975

PART 5 - OFFENCES AND CIVIL PENALTIES  

Division 3 - Civil penalties  

Subdivision B - Civil penalties relating to actions (except in relation to residential land)  

SECTION 93   CONTRAVENING CONDITIONS  

Conditions in no objection notifications

93(1)    
A person who is given a no objection notification must not contravene a condition specified in the notification that relates to a core Part 3 action.

93(2)    
A person who contravenes subsection (1) is liable to a civil penalty.

93(3)    
The maximum penalty for the contravention is the lesser of the following:

(a)    2,500,000 penalty units;

(b)    the greater of the following:

(i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation);

(ii) the amount worked out under section 98F for the core Part 3 action.

Conditions in notice imposing conditions

93(4)    
A person who is given a notice imposing conditions must not contravene a condition specified in the notice that relates to an action.

93(5)    
A person who contravenes subsection (4) is liable to a civil penalty.

93(6)    
The maximum penalty for the contravention is the lesser of the following:

(a)    2,500,000 penalty units;

(b)    the greater of the following:

(i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation);

(ii) the amount worked out under section 98F for the action.

Conditions in exemption certificates

93(7)    
A person who is specified in an exemption certificate must not contravene a condition specified in the certificate.

Civil penalty: 5,000 penalty units (or 50,000 penalty units if the person is a corporation).