101AAThreshold for distinction between tier 2 infringement notices and tier 3 infringement notices

#### 101AA Threshold for distinction between tier 2 infringement notices and tier 3 infringement notices (1) The requirement in this subsection is met in relation to the alleged contravention if the value of the action to which the contravention relates, determined under subsection (3), falls short of: (a) if the civil penalty provision is subsection 89(1): (i) if that action is an acquisition of an interest in Australian land, and the Australian land is residential land—$5,000,000; or (ii) otherwise—$275,000,000; or (b) if the civil penalty provision is subsection 98B(1) or (4): (i) if any of the core Part 3 actions or exempt core Part 3 actions mentioned in subparagraph 98B(1)(b)(ii) or 98B(4)(b)(ii) is an acquisition of an interest in Australian land, and the Australian land is residential land—$5,000,000; or (ii) otherwise—$275,000,000; or (c) if the civil penalty provision is subsection 91(1) or (2), section 92 or 92A or subsection 93(1), (4) or (7)—$275,000,000; or (d) otherwise—$5,000,000. (2) For the purposes of subsection (1), if the civil penalty provision is subsection 98B(1) or (4), treat the value of the action to which the contravention relates, determined under subsection (3) of this section, as being the sum of the values, determined under subsection (3) of this section, for each of the core Part 3 actions or exempt core Part 3 actions mentioned in subparagraph 98B(1)(b)(ii) or 98B(4)(b)(ii). (3) For the purposes of subsection (1), the value of the action is: (a) the value for the action worked out under the following table; or (b) if no item of the table applies to the action: (i) where the action is an acquisition—the value of the consideration for the acquisition; or (ii) otherwise—the market value of the benefit obtained by the action. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="5" style="width:343.7pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Values of actions</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>This kind of action …</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>that is mentioned in any of these provisions …</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>has this </span><span style="font-style:italic">value </span><span>…</span></p></td><td style="border-top:0.75pt solid #000000; vertical-align:top"></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:59.6pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a direct interest in an entity or a business</span></p></td><td style="width:113.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(a) (significant action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(a) (notifiable action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(b) or (c) (notifiable national security action)</span></p></td><td style="width:113.25pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the total value of the other interests held by the person, alone or together with one or more associates:</span></p><p class="Tablei"><span>(i) in the entity or business; or</span></p><p class="Tablei"><span>(ii) previously acquired from the entity or business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of an interest of any percentage in an entity or a business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55D(1)(a) or subparagraph</span><span> </span><span>55E(1)(a)(i) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the total value of the other interests held by the person, alone or together with one or more associates:</span></p><p class="Tablei"><span>(i) in the entity or business; or</span></p><p class="Tablei"><span>(ii) previously acquired from the entity or business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a substantial interest in an Australian entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(b) (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the higher of the following:</span></p><p class="Tablea"><span>(a) the total asset value for the entity;</span></p><p class="Tablea"><span>(b) the total issued securities value for the entity.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of interests in securities in an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(b) (significant action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the higher of the following:</span></p><p class="Tablea"><span>(a) the total asset value for the entity;</span></p><p class="Tablea"><span>(b) the total issued securities value for the entity.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an issue of securities in an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(c) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(i) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the higher of the following:</span></p><p class="Tablea"><span>(a) the total asset value for the entity;</span></p><p class="Tablea"><span>(b) the total issued securities value for the entity.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>6</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>entering into an agreement</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(d) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(ii) (reviewable national security action)</span></p><p class="Tabletext"><span></span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total asset value for the entity to which the agreement relates.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>7</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an alteration of a constituent document of an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(e) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(iii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total asset value for the entity.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>8</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a direct interest in an Australian business that is an agribusiness</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(a) (significant action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the total value of the other interests held by the person, alone or together with one or more associates:</span></p><p class="Tablei"><span>(i) in the business; or</span></p><p class="Tablei"><span>(ii) previously acquired from the business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>9</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of interests in assets</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(b) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55E(1)(a)(ii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the value of the consideration for the acquisition.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>10</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>entering into or terminating a significant agreement with an Australian business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(c) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55E(1)(a)(iii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the total value of the assets of the business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>11</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of an interest in Australian land</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>section</span><span> </span><span>43 (significant action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(c) (notifiable action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(d) (notifiable national security action)</span></p><p class="Tabletext"><span>section</span><span> </span><span>55F (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>12</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>starting a business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(a) (notifiable national security action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55E(2)(a) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the market value of the business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>13</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a legal or equitable interest in an exploration tenement in respect of Australian land</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(e) (notifiable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>14</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>if no previous item applies—an action specified in regulations that specify, or set out a method for determining, an amount for the action</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>44 (significant action)</span></p><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>48 (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>that amount.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>15</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>if no previous item applies—an action specified in regulations</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>44 (significant action)</span></p><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>48 (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the action;</span></p><p class="Tablea"><span>(b) the market value of the benefit obtained by the action.</span></p></td><td style="vertical-align:top"></td></tr><tr style="height:0pt"><td style="width:35.7pt"></td><td style="width:70.4pt"></td><td style="width:124pt"></td><td style="width:124.05pt"></td><td style="width:0.35pt"></td></tr></tbody></table> ``` (4) In applying the table in subsection (3), disregard the effect of any exemption certificate. (5) If the action to which the contravention relates is covered by more than one item of the table in subsection (3), treat the value of the action worked out according to that table as being the greatest of the amounts worked out under those items. (6) The requirement in this subsection is met in relation to the alleged contravention if: (a) where the civil penalty provision is subsection 95(1)—the total of the market values of the interests referred to in that subsection falls short of $5,000,000; or (b) where the civil penalty provision is subsection 95(4)—the greater of: (i) the value of the consideration for the acquisition referred to in that subsection; and (ii) the market value of the interest referred to in that subsection; falls short of $5,000,000. (7) The amounts mentioned in paragraphs (1)(a), (b) and (c) and (6)(a) and (b) may be indexed in accordance with regulations made for the purposes of subsection 139(2). (8) For the purposes of this section: (a) if there is no consideration for a thing—treat the value of the consideration for the thing as nil; and (b) if the market value of a thing cannot be ascertained—treat the market value of the thing as nil.