Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 98A

  (1)   A person contravenes this subsection if:

  (a)   the person:

  (i)   has been directed by the Treasurer under subsection   79R(3) in relation to a relevant contravention as mentioned in subsection   79R(1); or

  (ii)   has been directed by the Treasurer under subsection   79V(3) in relation to a relevant contravention as mentioned in subsection   79V(1); and

  (b)   the provision to which the relevant contravention relates is a civil penalty provision; and

  (c)   the person engages in conduct; and

  (d)   the person does so in contravention of the direction.

  (2)   A person who contravenes subsection   (1) is liable to a civil penalty.

  (3)   The maximum penalty for the contravention is:

  (a)   unless paragraph   (b) applies--5,000 penalty units; or

  (b)   if the person is a corporation--50,000 penalty units.