Document ID: chunk:federal_register_of_legislation:F2024C00121:reg:3
Version: federal_register_of_legislation:F2024C00121
Segment Type: reg
Provision Reference: reg 3
Character Range: 25366–27346

3                                       has the effect that a direct interest holder:                                                                                                                                                                         the operational information in relation to the asset, and the interest and control information in relation to the direct interest holder and the asset.
                                        (i) acquires an interest; or
                                        (ii) changes its interest;
                                        in an asset of an eligible carriage service provider

        (3) Subsection (1) does not apply to an event in relation to an asset (the first event) if:
         (a) before the end of 30 days after the first event occurs, another notifiable event (the second event) occurs in relation to the same asset; and
         (b) a result of the second event is that the information in relation to the asset that was required to be given to the Home Affairs Secretary under subsection (1) following the first event is no longer correct.
        (4) Subsection (1) does not apply to an event in relation to an asset if the Home Affairs Secretary has provided advice in writing to the eligible carriage service provider about the event is not required.
         Note: Section 122.4 of the Schedule to the Criminal Code Act 1995 makes it an offence for a current or former Commonwealth officer to communicate information obtained by reason of being a Commonwealth officer, or otherwise being engaged to perform work for a Commonwealth entity, if there is a Commonwealth statutory duty not to disclose the information. Under section 13 of the Public Service Act 1999, APS officers (a class of Commonwealth officers) are subject to various statutory duties including in relation to not improperly using confidential information. A breach of section 122.4 carries a maximum penalty of imprisonment for 2 years.