Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:1_149
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 1 cl 149
Character Range: 131028–131846

149  At the end of section 84 (after the penalty)
Add:

Failing to give notice—increasing percentage of interests without acquiring additional interests in securities
 (2) A person commits an offence if:
 (a) the person is a foreign person; and
 (b) the person takes an action because of the operation of section 18A (increasing percentage of interests without acquiring additional interests in securities); and
 (c) the action is a notifiable action or a notifiable national security action; and
 (d) the person does not give a notice as required by subsection 81(1A) before the end of 30 days after the action is taken.
Note: The notice may be given before or after the action is taken.
Penalty: Imprisonment for 10 years, or 15,000 penalty units (or 150,000 penalty units if the person is a corporation), or both.