Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:2_98d
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 2 cl 98D
Character Range: 195528–196667

98D  Failure to notify taking of action related to exemption certificate
 (1) Subsection (2) applies if:
 (a) an exemption certificate relates to one or more core Part 3 actions; and
 (b) the person to whom the exemption certificate relates takes one of those core Part 3 actions; and
 (c) if regulations made for the purposes of this paragraph specified requirements—those requirements are met.
 (2) The person must give the Treasurer a notice in accordance with subsection (3) no later than 30 days after the latest of the following days:
 (a) the day on which the person took the core Part 3 action;
 (b) if the core Part 3 action is the acquisition of an interest in a security, asset, trust or Australian land, and section 15 applies in relation to the acquisition—the day on which the person acquired the interest in a security, asset, trust or Australian land (disregarding section 15).
Civil penalty: 250 penalty units.
 (3) The notice must:
 (a) describe the core Part 3 action; and
  (b) state the day on which it was taken; and
 (c) meet any other requirements specified in regulations made for the purposes of this paragraph.