Can a breach of the Foreign Acquisitions and Takeovers Act 1975 (FATA) get me into trouble with any other Government agency?
Yes. Breaches of the FATA are treated seriously and other Government Agencies may be advised of such breaches (including the Department of Immigration and Multicultural and Indigenous Affairs, the Australian Federal Police and the Australian Taxation Office). This may result in delays in visas being issued, further character assessment and an assessment of any tax payable.
Related Questions
- Where can I find copy of the new regulations and an updated version of the Foreign Acquisitions and Takeovers Act 1975 which includes amendments made under the AUSFTA?
- Can a breach of the Foreign Acquisitions and Takeovers Act 1975 (FATA) get me into trouble with any other Government agency?
- How does a Foreign Corporation, Foreign Institution, or Foreign Government Agency get ACEIT?
