Commonwealth Consolidated Acts

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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 119

Offence for failing to make and keep records

  (1)   A person commits an offence if:

  (a)   the person is required to make and keep a record under this Division; and

  (b)   the person does not make or keep the record in accordance with this Division; and

  (c)   the Treasurer has not notified the person that the person does not need to make or keep the record; and

  (d)   the person is not a corporation that has been finally dissolved.

Penalty:   250 penalty units.

  (2)   Subsection   (1) is an offence of strict liability.


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