FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 29F Exemption: activities of members of certain professions

FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 29F

                   A person is exempt in relation to an activity the person undertakes on behalf of a foreign principal if:

                     (a)  the person's profession is any of the following:

                              (i)  a tax agent;

                             (ii)  a customs broker;

                            (iii)  a liquidator or receiver; and

                     (b)  the activity is undertaken in the ordinary course of the person's practice of that profession; and

                     (c)  the activity is, or relates primarily to, or is incidental to, the provision of representation in relation to a government administrative process involving the foreign principal; and

                     (d)  at the time the activity is undertaken, both of the following matters are either apparent to all persons with whom the person is dealing or disclosed to them:

                              (i)  the fact that the person is undertaking the activity on behalf of a foreign principal;

                             (ii)  the identity of the foreign principal.