Document ID: chunk:federal_register_of_legislation:C2025C00045:section:4
Version: federal_register_of_legislation:C2025C00045
Segment Type: section
Provision Reference: s 4
Character Range: 130914–131924

4                                       an event covered by paragraph 26(b) or (c) relating to a direct interest holder in relation to the asset  the direct interest holder in relation to the asset                                         the interest and control information in relation to the entity and the asset.

Exception to requirement to give information
 (4) However, subsection (2) does not apply in relation to the event (the first event) if:
 (a) before the end of 30 days after the first event occurs, another notifiable event (the second event) occurs in relation to the asset; and
 (b) a result of the second event is that the information in relation to the asset that was required to be given to the Secretary under subsection (2) following the first event is no longer correct.
Note: An entity that wishes to rely on subsection (4) in proceedings for a civil penalty order bears an evidential burden in relation to the matter in that subsection (see section 96 of the Regulatory Powers Act).