FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 31 Notice of end of liability to register

FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 31

             (1)  A person who is registered under the scheme in relation to a foreign principal may give the Secretary a notice under this section if the person is satisfied that:

                     (a)  the person has ceased to undertake activities on behalf of the foreign principal that are registrable in relation to the foreign principal; and

                     (b)  there is no registrable arrangement in existence between the person and the foreign principal.

Note 1:       If a person gives this notice, the person's registration in relation to the foreign principal ends (see section 32).

Note 2:       If a person gives this notice while a registrable arrangement is still in existence between the person and the foreign principal:

(a)    the person continues to be liable to register despite the notice (see subsection 19(1)); and

(b)    the person may commit an offence under this Act (see section  57A ) and under the Criminal Code (see section 137.1 of the Code).

             (2)  The notice must be:

                     (a)  in writing; and

                     (b)  in an approved form (if any); and

                     (c)  given in an approved manner (if any); and

                     (d)  accompanied by any information or documents required by the Secretary.

             (3)  The notice must specify a day as the day the person's registration in relation to the foreign principal is to cease. The day:

                     (a)  must not be earlier than the day the notice is given; and

                     (b)  must not be later than the last day of the next renewal period for the registration (or, if the notice is given during a renewal period, the last day of that renewal period).