FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 14B Provisional transparency notice

FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 14B

             (1)  If the Secretary is satisfied that a person is a foreign government related entity or a foreign government related individual, the Secretary may issue a notice (a provisional transparency notice ) stating that the person is a foreign government related entity or a foreign government related individual (as the case requires).

Note:          The Secretary's powers to obtain information or documents under section 46 may assist the Secretary to be satisfied about whether a person is a foreign government related entity or foreign government related individual.

             (2)  The provisional transparency notice must:

                     (a)  be in writing; and

                     (b)  include such details as the Secretary considers necessary to identify the person who is the subject of the notice.

Note 1:       The Secretary must make provisional transparency notices publicly available on a website (see subsection 43(2A)).

Note 2:       Section 14C provides for the person who is the subject of the notice to make submissions about the notice. A decision to issue a provisional transparency notice is also reviewable (see section 14H). Notice of review rights must be provided on the website with the provisional transparency notice (see subsection 43(2A)).