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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 89 Contravening orders under Part 3

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 89

Contravening orders under Part 3

  (1)   A person must not contravene an order made under Part   3.

  (2)   A person who contravenes subsection   (1) is liable to a civil penalty.

Penalty

  (3)   The maximum penalty for the contravention is the lesser of the following:

  (a)   2,500,000 penalty units;

  (b)   the greater of the following:

  (i)   5,000 penalty units (or 50,000 penalty units if the person is a corporation);

  (ii)   the amount worked out under section   98F for the action in relation to which the order was made.