Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_97
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 97
Character Range: 131610–132677

97  Persons contravening conditions

Conditions in no objection notifications
 (1) A person who is given a no objection notification under section 74 (no objection notification imposing conditions) relating to a residential land acquisition must not contravene a condition specified in the notification requiring:
 (a) the person to give a notice to the Treasurer when the person acquires or disposes of the interest in the relevant residential land; or
 (b) the sale of a dwelling on the relevant residential land to be advertised (however described) in Australia.
Civil penalty: 250 penalty units.

Conditions in exemption certificates
 (2) A person who is specified in an exemption certificate relating to residential land must not contravene a condition specified in the certificate requiring:
 (a) the person to give a notice to the Treasurer when the person acquires or disposes of the interest in the residential land; or
 (b) the sale of a dwelling on the residential land to be advertised (however described) in Australia.
Civil penalty: 250 penalty units.