Document ID: chunk:federal_register_of_legislation:C2006A00044:clause:1_88
Version: federal_register_of_legislation:C2006A00044
Segment Type: clause
Provision Reference: sch 1 cl 88
Character Range: 26672–27623

88  At the end of section 18
Add:

 (3) If a direction under this Act issued to the owner of a tangible asset (other than a ship) is served in accordance with subsection 17(9) or (10) and a change in the ownership of the tangible asset subsequently occurs while the direction is in force, the person who was the owner at the time the notice was served:
 (a) must immediately notify any new owner of the tangible asset of the existence and contents of the direction; and
 (b) must immediately notify the Authority, in accordance with the regulations, of the change in the ownership of the tangible asset and give the Authority such particulars of the change as are prescribed for the purposes of this subsection.

 (4) A person commits an offence if:
 (a) a person is subject to a requirement under subsection (1), (2) or (3); and
 (b) the person engages in conduct; and
 (c) the person's conduct breaches the requirement.

Penalty: 50 penalty units.