Overseas Investment Act 2005

If you need more information about this Act, please contact the administering agency: The Treasury
51C Conveyancer must obtain and keep statement


A conveyancer must not lodge, or direct the lodgement of, the instrument referred to in section 51A(1)(b) if the conveyancer—


has not obtained the statement or a copy of the statement that is required to be provided under section 51A(5) or (6); or


has reasonable grounds for believing that the statement or copy that is provided is not correct in a material particular.


The conveyancer must take reasonable steps to ensure that a copy of the statement is kept for a period of at least 7 years after the date on which the instrument is lodged.


Sections 41F, 45, and 47 do not apply in respect of a contravention of this section (but a conveyancer may be liable to a civil pecuniary penalty under section 48).

Section 51C: inserted, on 22 October 2018, by section 43 of the Overseas Investment Amendment Act 2018 (2018 No 25).

Section 51C(3): amended, on 16 June 2020, by section 44 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).