(1) If:
(a) a State/Territory entity enters an arrangement with a foreign entity; and
(b) the arrangement is a non-core foreign arrangement;
then the State/Territory entity must, within 14 days or such longer period prescribed by the rules, give a notice to the Minister in accordance with subsection (2).
(2) The notice must:
(a) be in writing; and
(b) be accompanied by a copy of the arrangement; and
(c) include any information prescribed by the rules; and
(d) be accompanied by any documents prescribed by the rules.
(3) Subsection (1) does not apply to an exempt arrangement.