74KNotification by a person who is a foreign stakeholder in an Australian media company—requirement by the ACMA

74K  Notification by a person who is a foreign stakeholder in an Australian media company—requirement by the ACMA  (1) The ACMA may, by written notice given to a foreign stakeholder in an Australian media company, require the foreign stakeholder to:  (a) notify the ACMA of:  (i) the foreign stakeholder’s company interests in the company; and  (ii) the method used to determine those company interests; and  (iii) such other information (if any) relating to the foreign stakeholder as is specified under subsection (2); and  (b) do so within the period specified in the notice.  (2) The ACMA may, by legislative instrument, specify information for the purposes of subparagraph (1)(a)(iii).  (3) A period specified under paragraph (1)(b) must not be shorter than 14 days after the notice is given.  (4) Subsection (1) is a civil penalty provision.  (5) 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) Subsection (1) is a designated infringement notice provision.  (7) 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.