CTHIn ForceAct
Broadcasting Services Act 1992
74FNotification by a person who becomes a foreign stakeholder in an Australian media company
Start here
Get a plain-English read of 74F
Turn the raw legal text into a practical explanation grounded in Broadcasting Services Act 1992.
74F Notification by a person who becomes a foreign stakeholder in an Australian media company
(1) If a person who was not a foreign stakeholder in a particular Australian media company becomes a foreign stakeholder in the company at a particular time, the person must, within 30 days after that time, notify the ACMA in writing of:
(b) the circumstances that resulted in the person becoming a foreign stakeholder in the company; and
(c) the person’s company interests in the company; and
(e) the reason why the person is a foreign person; and
(4) A person who contravenes subsection (1) commits a separate contravention of that subsection in respect of each day (including a day of the making of a relevant civil penalty order or any subsequent day) during which the contravention continues.
(6) A person is not required to notify information under subsection (1) if the information might tend to incriminate the person or expose the person to a penalty.