(1) If:
(a) a core State/Territory entity enters an arrangement with a core foreign entity in contravention of subsection 22(1); and
(b) the arrangement is not legally binding;
then this section applies to the arrangement.
(2) The arrangement is not, and is taken never to have been, in operation.
(3) After entering the arrangement, the core State/Territory entity must:
(a) within 14 days, or such longer period (if any) prescribed by the rules, notify the core foreign entity that:
(i) this section applies to the arrangement; and
(ii) the arrangement is not, and is taken never to have been, in operation; and
(b) as soon as practicable after it has complied with paragraph (a), notify the Minister, in writing, of its compliance with that paragraph.
(4) The core State/Territory entity must not, at any time:
(a) give effect to the arrangement; or
(b) hold out, or conduct itself on the basis, that:
(i) it can give effect to the arrangement; or
(ii) the arrangement is in operation.
(5) The core foreign entity must not, from the time it is notified under subsection (3) that this section applies to the arrangement:
(a) give effect to the arrangement in Australia; or
(b) hold out in Australia, or conduct itself in Australia on the basis, that:
(i) it can give effect to the arrangement; or
(ii) the arrangement is in operation.