(1) A foreign person may apply for a certificate under this section if:
(a) the foreign person has a business of underwriting securities; and
(b) the foreign person or any other foreign person proposes to acquire kinds of interests in securities (including securities of land entities); and
(c) that person proposes to acquire the interests for the purposes of, or in the course of, the foreign person's business of underwriting securities.
Note 1: An acquisition of an interest in securities of a kind specified in the certificate by the foreign person specified in the certificate is generally not a significant action or a notifiable action (see section 58).
Note 2: See also Part 6 (fees) and section 135 (manner of notification and application) of the Act.
Note 3: Underwrite includes sub-underwrite (see section 9 of the Corporations Act 2001 ).
(2) The Treasurer may give a certificate if the Treasurer is satisfied that acquisitions of those kinds of interests by that foreign person are not contrary to the national interest.
(3) The certificate must specify:
(a) the person (who may not yet be incorporated or established) to whom the certificate relates; and
(b) the kinds of interests in securities to which the certificate relates.
Note: For other things that the certificate may specify, see section 60 of the Act.