Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:2_98e:p2
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 2 cl 98E (pt 2/2)
Character Range: 199014–200337

if the core Part 3 action relates to acquiring a direct interest in an entity or business—the person ceases to have a direct interest in the entity or business; or
 (iii) if the core Part 3 action relates to starting a business—the person ceases to carry on the business; or
 (iv) if the core Part 3 action relates to acquiring an interest in a tenement—the person ceases to hold all or part of that interest; or
 (v) if the core Part 3 action relates to acquiring an interest of at least a certain percentage of the securities of an entity—the person ceases to have an interest of at least that percentage of the securities of the entity.
 (3) The person must give the Treasurer a notice in accordance with subsection (4) no later than 30 days after the later of the following days:
 (a) the day on which the situation mentioned in subsection (2) arose;
 (b) the day on which the no objection notice or exemption certificate was given.
Civil penalty: 250 penalty units.
 (4) The notice must:
 (a) describe the core Part 3 action; and
  (b) state the day on which it was taken; and
 (c) describe the situation mentioned in subsection (2) that arose; and
 (d) state the day on which it arose; and
 (e) meet any other requirements specified in regulations made for the purposes of this paragraph.

Subdivision E—Miscellaneous