Foreign Acquisitions and Takeovers Act 1975

PART 3 - POWERS OF TREASURER  

Division 2 - Orders relating to actions that are, or whose result would be, contrary to national security or the national interest  

Subdivision C - Time limits on making orders and decisions  

SECTION 77A   TREASURER MAY EXTEND DECISION PERIOD BY UP TO 90 DAYS  

77A(1)    
Before the end of a decision period, the Treasurer may, by notice in writing given to the person specified in subsection 77(9) , extend (or further extend) the period. The Treasurer may do so more than once.

77A(2)    
The total number of days by which the Treasurer may extend a decision period by notices given under this section must not exceed 90 days.

77A(3)    
The notice:

(a)    must include the reasons for the decision; and

(b)    in a case to which item 1 of the table in subsection 77(6) applies - may be given to the person at an address (including an electronic address) specified in the notice relating to the action as the address for service of notices relating to the action.

77A(4)    
The Treasurer is not required to observe any requirements of the natural justice hearing rule in making a decision under subsection (1).