Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_8
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 98679–100240

8                                                     to take any significant action prescribed by regulations made for the purposes of section 44                                        a specified person to do a thing prescribed by regulations made for the purposes of this item.

Orders made under table item 7
 (3) Without limiting item 7 of the table in subsection (2):
 (a) a foreign person is taken to have acquired an interest in Australian land if the person becomes (with or without the knowledge of the person) a beneficiary in a trust that consists of or includes the interest; and
 (b) if the trust is a discretionary trust—a reference to the disposal of the interest of the foreign person is a reference to the disposal of any assignable benefits in relation to that trust that may ultimately vest in that foreign person.

Orders made under table items 2, 3, 5 or 6
 (4) An order under any of items 2, 3, 5 or 6 of the table in subsection (2) may be made only for the purpose of:
 (a) restoring the control of the entity or business as closely as possible to the position in which it was before the significant action was taken; or
 (b) preventing the occurrence of a change in control of the entity or business.
 (5) Before the end of a period specified in an order made under any of items 2, 3, 5 or 6 of the table in subsection (2) (or that period as extended under a previous application of this subsection), the Treasurer may, in writing, extend the period. The order has effect as if the period as extended had been specified in the order.