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.