FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 59 Exemption certificates for established dwellings
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 59
Exemption certificates for established dwellings(1) A foreign person may apply for a certificate under this section if the foreign person or any other foreign person proposes to acquire an interest in an established dwelling.
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 the acquisition of the interest by that foreign person is not contrary to the national interest.
(3) The certificate must specify:
(a) the person to whom the certificate relates; and
(b) the interest to which the certificate relates.
Note: For other things that the certificate may specify, see section
60.