Foreign Acquisitions and Takeovers Act 1975
97Persons contravening conditions
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97 Persons contravening conditions
Conditions in no objection notifications (1) A person who is given a no objection notification under section 74 (no objection notification imposing conditions) relating to a residential land acquisition must not contravene a condition specified in the notification requiring: (a) the person to give a notice to the Treasurer when the person acquires or disposes of the interest in the relevant residential land; or (b) the sale of a dwelling on the relevant residential land to be advertised (however described) in Australia.
Civil penalty: 500 penalty units.
Conditions in notice imposing conditions (1A) A person who is given a notice imposing conditions relating to a residential land acquisition must not contravene a condition specified in the notice requiring: (a) the person to give a notice to the Treasurer when the person acquires or disposes of the interest in the relevant residential land; or (b) the sale of a dwelling on the relevant residential land to be advertised (however described) in Australia.
Civil penalty: 500 penalty units.
Conditions in exemption certificates (2) A person who is specified in an exemption certificate relating to residential land must not contravene a condition specified in the certificate requiring: (a) the person to give a notice to the Treasurer when the person acquires or disposes of the interest in the residential land; or (b) the sale of a dwelling on the residential land to be advertised (however described) in Australia.
Civil penalty: 500 penalty units.