Broadcasting Services Act 1992

If, at the end of a financial year, a person is a foreign stakeholder in an Australian media company, the person must, within 30 days after the end of the financial year, notify the ACMA in writing of:

the person’s name; and

the circumstances that resulted in the person being a foreign stakeholder in the company at the end of the financial year; and

the person’s company interests in the company at the end of the financial year; and

the method used to determine those company interests; and

the reason why the person was a foreign person at the end of the financial year; 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).

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.

Subsection (1) is a designated infringement notice provision.

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.