Notification by a person who becomes a foreign stakeholder in an Australian media company
74F Notification by a person who becomes a foreign stakeholder in an Australian media company
If a person who was not a foreign stakeholder in a particular Australian media company becomes a foreign stakeholder in the company at a particular time, the person must, within 30 days after that time, notify the ACMA in writing of:
the person’s name; and
the circumstances that resulted in the person becoming a foreign stakeholder in the company; and
the person’s company interests in the company; and
the method used to determine those company interests; and
the reason why the person is a foreign person; and
the designated information relating to the person; and
such other information (if any) relating to the person as is specified under subsection (2).
The ACMA may, by legislative instrument, specify information for the purposes of paragraph (1)(g).
Civil penalty provision
Subsection (1) is a civil penalty provision.
A person who contravenes subsection (1) commits a separate contravention of that subsection in respect of each day (including a day of the making of a relevant civil penalty order or any subsequent day) during which the contravention continues.
Designated infringement notice provision
Subsection (1) is a designated infringement notice provision.
Self‑incrimination
A person is not required to notify information under subsection (1) if the information might tend to incriminate the person or expose the person to a penalty.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.