Foreign Acquisitions and Takeovers Act 1975
93Contravening conditions
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93 Contravening conditions
Conditions in no objection notifications (1) A person who is given a no objection notification must not contravene a condition specified in the notification that relates to a core Part 3 action. (2) A person who contravenes subsection (1) is liable to a civil penalty. (3) The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following: (i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation); (ii) the amount worked out under section 98F for the core Part 3 action. Conditions in notice imposing conditions (4) A person who is given a notice imposing conditions must not contravene a condition specified in the notice that relates to an action. (5) A person who contravenes subsection (4) is liable to a civil penalty. (6) The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following: (i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation); (ii) the amount worked out under section 98F for the action. Conditions in exemption certificates (7) A person who is specified in an exemption certificate must not contravene a condition specified in the certificate.
Civil penalty: 5,000 penalty units (or 50,000 penalty units if the person is a corporation).