(1) If:
(a) a State/Territory entity proposes to enter an arrangement with a foreign entity; and
(b) the arrangement is a non-core foreign arrangement;
then it must give a notice to the Minister in accordance with subsection (2).
Note: If the State/Territory entity enters the arrangement, it is required to give the Minister another notice about that (see section 38).
(2) The notice must:
(a) be in writing; and
(b) be in the approved form (if any); and
(c) be accompanied by a copy of the proposed arrangement; and
(d) include any information prescribed by the rules; and
(e) be accompanied by any documents prescribed by the rules; and
(f) be given in the approved way (if any); and
(g) be given in the period (if any) prescribed by the rules.
(3) Subsection (1) does not apply to an exempt arrangement.