Document ID: chunk:federal_register_of_legislation:F2017L00811:clause:2_43b
Version: federal_register_of_legislation:F2017L00811
Segment Type: clause
Provision Reference: sch 2 cl 43B
Character Range: 15528–16950

43B  Exemption certificates for residential land (other than established dwellings)
 (1) A foreign person may apply for a certificate under this section (a residential land (other than established dwellings) certificate) if the foreign person or any other foreign person proposes to acquire only one of the following:
 (a) an interest in a new dwelling;
 (b) a near‑new dwelling interest;
 (c) an interest in vacant residential land.
Note: See also Part 6 (fees) and section 135 (manner of notification and application) of the Act.
 (2) The Treasurer may give a certificate if the Treasurer is satisfied that the acquisition of those kinds of interests by that foreign person is not contrary to the national interest.
 (3) The certificate must specify:
 (a) the person to whom the certificate relates; and
 (b) the kind of interest to which the certificate relates.
Note: For other things that the certificate may specify, see section 60 of the Act.
 (4) For the purposes of subsections 45(3) and 49(2) of the Act, an action is not a significant action or a notifiable action if:
 (a) the action is an acquisition by a foreign person of an interest in Australian land; and
 (b) the foreign person is specified in a residential land (other than established dwellings) certificate; and
 (c) the interest is of the 3 kinds specified in the certificate; and
 (d) the conditions (if any) specified in the certificate are met.