Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_92
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 92
Character Range: 125488–126237

92  Taking significant action before end of period
  A foreign person who proposes to take a significant action must not take the action before the day mentioned in section 82 if:
 (a) the person gives a notice to the Treasurer stating that the action is proposed to be taken; and
 (b) if a change in control is required for the action to be a significant action—the action would result in a change in control.
Note 1: If a person takes an action by entering an agreement, the action is not taken until the agreement is binding on the person (see subsections 15(4) and (5)).
Note 2: A notice might be given under section 81 or because a foreign person chooses to give a notice despite not being required to do so.
Civil penalty: 250 penalty units.