Foreign Acquisitions and Takeovers Act 1975
98AContravening directions and interim directions
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98A Contravening directions and interim directions
(1) A person contravenes this subsection if: (a) the person: (i) has been directed by the Treasurer under subsection 79R(3) in relation to a relevant contravention as mentioned in subsection 79R(1); or (ii) has been directed by the Treasurer under subsection 79V(3) in relation to a relevant contravention as mentioned in subsection 79V(1); and (b) the provision to which the relevant contravention relates is a civil penalty provision; and (c) the person engages in conduct; and (d) the person does so in contravention of the direction. (2) A person who contravenes subsection (1) is liable to a civil penalty. (3) The maximum penalty for the contravention is: (a) unless paragraph (b) applies—5,000 penalty units; or (b) if the person is a corporation—50,000 penalty units.