(1) This section
applies where —
(a) by a
relevant acquisition referred to in section 164 a person has acquired a
further interest in a landholder; and
(b) it
is contemplated that the acquirer or a person that under section 162 is
related to the acquirer (a "related person” ) will acquire more of such
interests in the landholder.
(2) The Commissioner
may, on application made by a person mentioned in subsection (3), approve
the lodgment of periodical statements in respect of
particular approved periods (a "relevant period").
(3) The persons that
may apply are —
(a) the
acquirer; or
(b) a
related person; or
(c) if
the landholder is a corporation, the corporation; or
(d) if
the landholder is a unit trust scheme, the trustee of the scheme.
(4) An application
under subsection (2) must be made —
(a)
within 2 months after the day on which the relevant acquisition occurred;
and
(b) in
the approved form.
(5) The first
relevant period is to begin with the day on which the relevant acquisition
occurred and a subsequent relevant period is to begin with the day after the
day on which the immediately preceding relevant period ends.
(6) While an approval
under subsection (2) is in force —
(a) a
statement must be lodged within 14 days after the first relevant period
ends in respect of —
(i)
the relevant acquisition referred to in
subsection (1)(a); and
(ii)
any other relevant acquisition by which the acquirer or a
related person acquired any further interest in the landholder during that
period;
and
(b)
within 14 days after each subsequent relevant period ends, a statement
must be lodged in respect of any relevant acquisition by which the acquirer or
a related person acquired any further interest in the landholder during that
period.