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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 49 Actions that are not notifiable actions --exemption certificates

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 49

Actions that are not notifiable actions --exemption certificates

  (1)   Despite this Division, an action is not a notifiable action if:

  (a)   the action is a foreign person acquiring an interest in Australian land; and

  (b)   the action would not be a significant action under section   45 (actions that are not significant actions --exemption certificates).

  (2)   The regulations may provide, in relation to exemption certificates in force under regulations made for the purposes of section   63, that an action of a specified kind is not a notifiable action .