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Foreign Acquisitions and Takeovers Act 1975
81Compulsory notice of notifiable actions and notifiable national security actions
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#### 81 Compulsory notice of notifiable actions and notifiable national security actions
(1) A foreign person who proposes to take a notifiable action or notifiable national security action (other than because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities)) must give a notice to the Treasurer before taking the action.
(1A) A foreign person who takes a notifiable action or notifiable national security action because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities) must give a notice to the Treasurer before the end of 30 days after the action is taken.
> Note: The notice may be given before or after the action is taken.
(2) If a person takes an action by entering an agreement, the notice must deal with each notifiable action or notifiable national security action covered by the agreement.
> Note: See also subsections 15(4) and (5) (provisions of agreements that are not currently binding), Parts 5 (offences and civil penalties) and 6 (fees) and section 135 (manner and form for notices and applications).