Western Australian Current Acts Western Australian Current Acts (1) This section
applies where —
(a) by a
relevant acquisition referred to in section 163(1)(c) or (d) a person has
acquired a further interest in a landholder; and
(b) it
is contemplated that the acquirer or a person that under section 162 is
related to the acquirer (a related person ) will acquire more of such
interests in the landholder.
(2) The Commissioner
may, on application made by a person mentioned in subsection (3), approve the
lodgment of periodical statements in respect of particular approved periods (a
relevant period ).
(3) The persons that
may apply are —
(a) the
acquirer; or
(b) a
related person; or
(c) if
the landholder is a corporation, the corporation; or
(d) if
the landholder is a unit trust scheme, the trustee of the scheme.
(4) An application
under subsection (2) must be made —
(a)
within 2 months after the day on which the relevant acquisition occurred; and
(b) in
the approved form.
(5) The first relevant
period is to begin with the day on which the relevant acquisition occurred and
a subsequent relevant period is to begin with the day after the day on which
the immediately preceding relevant period ends.
(6) While an approval
under subsection (2) is in force —
(a) a
statement must be lodged within 14 days after the first relevant period ends
in respect of —
(i)
the relevant acquisition referred to in subsection
(1)(a); and
(ii)
any other relevant acquisition by which the acquirer or a
related person acquired any further interest in the landholder during that
period;
and
(b)
within 14 days after each subsequent relevant period ends, a statement must be
lodged in respect of any relevant acquisition by which the acquirer or a
related person acquired any further interest in the landholder during that
period.
[Section 201 amended: No. 12 of 2019 s. 97.]