Foreign Acquisitions and Takeovers Act 1975
PART 2
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ACTIONS TO WHICH THIS ACT APPLIES
Division 5
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Exemption certificates
SECTION 62
VARIATION OR REVOCATION OF EXEMPTION CERTIFICATES
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GENERAL
62(1)
If, in giving an exemption certificate to a person, the Treasurer was satisfied that the relevant acquisition or action was not contrary to the national interest, the Treasurer may vary or revoke the certificate if the Treasurer is satisfied that the variation or revocation is not contrary to the national interest.
62(1A)
If, in giving an exemption certificate to a person, the Treasurer was satisfied that the relevant action was not contrary to national security, the Treasurer may vary or revoke the certificate if the Treasurer is satisfied that the variation or revocation is not contrary to national security.
62(2)
A variation may be made on application in writing by the person or on the Treasurer ' s own initiative.
62(3)
Subsection 33(3) of the Acts Interpretation Act 1901 does not apply in relation to a power under this Division to give an exemption certificate.
62(4)
Subsection (1) does not apply to an exemption certificate that is taken to have been given under section 61 .
View history note
Hide history noteIf, in giving an exemption certificate to a person, the Treasurer was satisfied that the relevant acquisition or action was not contrary to the national interest, the Treasurer may vary or revoke the certificate if the Treasurer is satisfied that the variation or revocation is not contrary to the national interest.
62(1A)
If, in giving an exemption certificate to a person, the Treasurer was satisfied that the relevant action was not contrary to national security, the Treasurer may vary or revoke the certificate if the Treasurer is satisfied that the variation or revocation is not contrary to national security.
62(2)
A variation may be made on application in writing by the person or on the Treasurer ' s own initiative.
Note: See also Part 6 (fees) and section 135 (manner of notification and application).
62(3)
Subsection 33(3) of the Acts Interpretation Act 1901 does not apply in relation to a power under this Division to give an exemption certificate.
62(4)
Subsection (1) does not apply to an exemption certificate that is taken to have been given under section 61 .
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