FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 58 Exemption certificates for foreign persons
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 58
Exemption certificates for foreign persons(1) A foreign person may apply for a certificate under this section if the foreign person or any other foreign person proposes to acquire one or more kinds of interests in Australian land.
Note: See also Part 6 (fees) and section 135 (manner of notification and application).
(2) The Treasurer may give a certificate if the Treasurer is satisfied that acquisitions of those kinds of interests by that foreign person is 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 Australian land to which the certificate relates.
Note: For other things that the certificate may specify, see section
60.