Document ID: chunk:federal_register_of_legislation:C2024C00844:section:4
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 4
Character Range: 437258–439368

4                                              subsection 55E(2) (starting Australian business) applies to the action.                                                                                                                                                                     (a) the foreign person no longer carries on the Australian business mentioned in subsection 55E(2); or
                                                                                                                                                                                                                                                                                           (b) the Australian business ceases to be an Australian business; or
                                                                                                                                                                                                                                                                                           (c) the Australian business ceases to be carried on.

 (3) Disregard any interest that is an equitable interest for the purposes of working out whether a registered circumstance exists, or has ceased, under item 1 or 2 of the table in subsection (2).
Note: The requirement to give a register notice under subsection (1) applies whether or not an interest is an equitable interest. However, a notice of an action that relates only to an equitable interest does not cause a registered circumstance to exist under item 1 or 2 of the table.

Registrable event day
 (4) The registrable event day for a register notice under this section is:
 (a) if paragraph (1)(a) applies—the day on which the foreign person takes the action; or
 (b) if paragraph (1)(b) applies—the day on which the no objection notification or notice imposing conditions is given.

Application—Register commencement day
 (5) This section applies to actions taken on or after the Register commencement day (regardless of when any notification or notice, other than the register notice, mentioned in subsection (1) is given).