Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Despite this Division, an action is not a notifiable action if:
(a) the action is a foreign person acquiring an interest in Australian land; and
(b) the action would not be a significant action under section 45 (actions that are not significant actions --exemption certificates).
(2) The regulations may provide, in relation to exemption certificates in force under regulations made for the purposes of section 63, that an action of a specified kind is not a notifiable action .