Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:3_130zh
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 3 cl 130ZH
Character Range: 282068–283774

130ZH  Foreign person takes action that is a significant action under section 40—entities
 (1) A foreign person must give a register notice to the Registrar if:
 (a) the foreign person takes an action that is a significant action under section 40, and:
 (i) a no objection notification or a notice imposing conditions has been given in relation to the action, and has not been revoked; or
 (ii) before the action was taken, the Treasurer gave the foreign person a notice under subsection 66A(4); or
 (b) the foreign person takes an action that is a significant action under section 40, and:
 (i) before the action was taken, the foreign person gave a notice to the Treasurer stating that the action was proposed to be taken; and
 (ii) if the condition in subsection 40(6) (change in control) was required to be met in order for the action to be a significant action—the foreign person is aware, or ought reasonably to be aware, that that condition is met in relation to the action; or
 (c) a no objection notification or a notice imposing conditions is given in relation to an action of the foreign person that:
 (i) has already been taken; and
 (ii) was a significant action under section 40.
Note: This section applies to actions taken on or after the Register commencement day (see subsection (5)).
 (2) If a foreign person gives a register notice under this section in relation to an action mentioned in subsection (1), the following table has effect.

When registered circumstances exist and cease
Item                                           A registered circumstance under this section exists in relation to the foreign person if …                          The registered circumstance ceases if …