Exemption certificates for foreign persons
58 Exemption certificates for foreign persons
A foreign person may apply for a certificate under this section if the foreign person or any other foreign person proposes to acquire one or more kinds of interests in Australian land.
See also Part 6 (fees) and section 135 (manner and form for notices and applications).
The Treasurer may give a certificate if the Treasurer is satisfied that acquisitions of those kinds of interests by that foreign person is not contrary to the national interest.
The certificate must specify:
the person (who may not yet be incorporated or established) to whom the certificate relates; and
the kinds of interests in Australian land to which the certificate relates.
For other things that the certificate may specify, see section 60.
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