Requirement to notify the Minister about pre‑existing foreign arrangements that are non‑core foreign arrangements
3 Requirement to notify the Minister about pre‑existing foreign arrangements that are non‑core foreign arrangements
This clause applies to a pre‑existing foreign arrangement between a State/Territory entity and a foreign entity if the arrangement is a non‑core foreign arrangement.
The State/Territory entity must give a notice to the Minister in accordance with subclause (3) before the end of the period that:
starts on the commencement day; and
ends 6 months, or such longer period (if any) prescribed by the rules, after the commencement day.
The notice must:
be in writing; and
be in the approved form (if any); and
be accompanied by a copy of the arrangement; and
if the State/Territory entity knows that there is another arrangement that is a subsidiary arrangement of the arrangement:
include details about the subsidiary arrangement; and
if the State/Territory entity has a copy of the subsidiary arrangement—be accompanied by a copy of the subsidiary arrangement; and
include any information prescribed by the rules; and
be accompanied by any documents prescribed by the rules; and
be given in the approved way (if any).
Subclause (2) does not apply to an exempt arrangement.
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