Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:81:p2
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 81 (pt 2/3)
Character Range: 192103–194747

(b) the 30‑day period the person has to comply with the other notification provision in relation to the core Part 3 action starts before the Register commencement day; and
 (c) the person fails to so comply with the other notification provision before the Register commencement day; and
 (d) in the case where:
 (i) a situation mentioned in subsection 98E(2) of the Act arises in relation to the core Part 3 action; and
 (ii) that situation results in the person no longer holding any part of an interest that relates to the core Part 3 action; and
 (iii) subsection 98E(3) of the Act applies to the person in relation to that situation;
  the person fails to comply with subsection 98E(3) of the Act in relation to that situation before the Register commencement day.
Note 1: Paragraph (d) means the register notice does not need to be given under this subsection if a related situation arises that:
(a) results in the person no longer holding any part of an interest; and
(b) has been notified to the Treasurer in compliance with subsection 98E(3) of the Act.
 If that happens, the obligation to comply with subsection 98C(2) or 98D(2) of the Act in relation to the core Part 3 action continues on and after the Register commencement day.
Note 2: If a register notice must be given under this subsection, the obligation to comply with the other notification provision (or to comply with subsection 98E(3) of the Act for a related situation) ceases because that other notification provision ceases to apply (see section 58H of this instrument).
 (4) For the purposes of paragraphs 130ZU(1)(c) and (d) of the Act, if a foreign person gives a register notice under subsection (3) of this section on a particular day (the register notification day) in relation to a core Part 3 action, then:
 (a) a registered circumstance under this subsection exists in relation to the foreign person that is the same as the registered circumstance that would notionally exist if the person were to take the core Part 3 action:
 (i) in the same way; and
 (ii) on the Register commencement day; and
 (b) the registered circumstance ceases if a situation arises (or has arisen) that would cause that notional registered circumstance to cease if the situation were to arise in the same way on:
 (i) if the situation actually arises on or before the register notification day—the register notification day; or
 (ii) if the situation actually arises on a later day—that later day.
 (5) For the purposes of paragraph 130ZN(4)(g) of the Act, section 130ZN of the Act applies to a registered circumstance under subsection (4) of this section if section 130ZN of the Act