Overseas Investment Act 2005

If you need more information about this Act, please contact the administering agency: The Treasury
23 Requirements for application for consent

(1)

An application for consent must—

(a)

be in writing; and

(b)

be signed by each applicant; and

(c)

contain the information set out in regulations; and

(d)

be accompanied by a statutory declaration verifying that the information contained in the application is true and correct, unless the regulator waives this requirement; and

(e)

be sent to the regulator; and

(f)

be accompanied by the relevant fee, unless this has already been paid.

(2)

The statutory declaration must be made by each applicant or, if an applicant is a body corporate, by an officer of that applicant.

(3)

For the purpose of considering the application, the regulator may, by notice in writing, require the applicant or any other person with information relevant to the application to provide the information specified in the notice and in the form specified by the notice.

(4)

A person required to provide information under subsection (3) must comply with the regulator’s notice within the time, and in the manner, specified in it.

Section 23(1)(c): replaced, on 16 June 2020, by section 18(1) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).

Section 23(4): inserted, on 16 June 2020, by section 18(2) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).