Document ID: chunk:federal_register_of_legislation:C2010A00001:clause:2_2
Version: federal_register_of_legislation:C2010A00001
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 12182–13297

2  Transitional—requirement to give notice after commencement of certain pre‑commencement arrangements
A person commits an offence if:
 (a) the person enters into an arrangement in the period:
 (i) starting on 12 February 2009; and
 (ii) ending on the day on which this item commences; and
 (b) by entering into the arrangement, the person:
 (i) would not have committed an offence under subsection 26(2) or 26A(2) of the Foreign Acquisitions and Takeovers Act 1975 (disregarding the amendments made by Schedule 1 to this Act); and
 (ii) would (apart from subitem 1(2)) have committed an offence under subsection 26(2) or 26A(2) of the Foreign Acquisitions and Takeovers Act 1975 (as amended by Schedule 1 to this Act); and
 (c) the person does not give the Treasurer a notice having effect for the purposes of section 25 of that Act in respect of the arrangement within 30 days after the day on which this item commences.
Penalty: 500 penalty units or imprisonment for 2 years, or both.

[Minister's second reading speech made in—
House of Representatives on 20 August 2009
Senate on 26 November 2009]
(155/09)