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Foreign Acquisitions and Takeovers Act 1975
119Offence for failing to make and keep records
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#### 119 Offence for failing to make and keep records
(1) A person commits an offence if:
(a) the person is required to make and keep a record under this Division; and
(b) the person does not make or keep the record in accordance with this Division; and
(c) the Treasurer has not notified the person that the person does not need to make or keep the record; and
(d) the person is not a corporation that has been finally dissolved.
Penalty: 250 penalty units.
(2) Subsection (1) is an offence of strict liability.