Document ID: chunk:federal_register_of_legislation:C2020A00116:clause:1_3
Version: federal_register_of_legislation:C2020A00116
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 105151–106624

3  Requirement to notify the Minister about pre‑existing foreign arrangements that are non‑core foreign arrangements
 (1) This clause applies to a pre‑existing foreign arrangement between a State/Territory entity and a foreign entity if the arrangement is a non‑core foreign arrangement.
 (2) The State/Territory entity must give a notice to the Minister in accordance with subclause (3) before the end of the period that:
 (a) starts on the commencement day; and
 (b) ends 6 months, or such longer period (if any) prescribed by the rules, after the commencement day.
 (3) The notice must:
 (a) be in writing; and
 (b) be in the approved form (if any); and
 (c) be accompanied by a copy of the arrangement; and
 (d) if the State/Territory entity knows that there is another arrangement that is a subsidiary arrangement of the arrangement:
 (i) include details about the subsidiary arrangement; and
 (ii) if the State/Territory entity has a copy of the subsidiary arrangement—be accompanied by a copy of the subsidiary arrangement; and
 (e) include any information prescribed by the rules; and
 (f) be accompanied by any documents prescribed by the rules; and
 (g) be given in the approved way (if any).
 (4) Subclause (2) does not apply to an exempt arrangement.

Division 3—Consequences for failing to notify the Minister about pre‑existing foreign arrangements that are core foreign arrangements

Subdivision A—Pre‑existing foreign arrangements that are legally binding