Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_85
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 85
Character Range: 122141–123054

85  Taking significant action before end of period
  A person commits an offence if:
 (a) the person is a foreign person; and
 (b) the person gives a notice to the Treasurer stating that a significant action (including a significant action that is a notifiable action) is proposed to be taken; and
 (c) the person takes the action; and
 (d) the action is taken before the day mentioned in section 82; and
 (e) if a change in control is required for the action to be a significant action—there is a change in control as a result of the action.
Note 1: If a person takes an action by entering an agreement, the action is not taken until the agreement is binding on the person (see subsections 15(4) and (5)).
Note 2: A notice might be given under section 81 or because a foreign person chooses to give a notice despite not being required to do so.
Penalty: Imprisonment for 3 years, or 750 penalty units, or both.