Foreign Acquisitions and Takeovers Act 1975

PART 3 - POWERS OF TREASURER  

Division 3 - Last resort powers: orders to deal with national security risks arising after an initial assessment  

Subdivision C - Other powers of Treasurer  

SECTION 79J  

79J   VARIATION OF NOTICE IMPOSING CONDITIONS  

If a person was given a notice imposing conditions in relation to an action, the Treasurer may decide to vary the notice imposing conditions by:

(a)    revoking a condition; or

(b)    imposing a new condition; or

(c)    varying an existing condition; or

(d)    varying the information specified under section 79H ;

if the Treasurer is satisfied that the variation is reasonably necessary for purposes relating to eliminating or reducing the national security risk relating to the action.

Note: See also sections 79P (variation with consent or without disadvantage) and 79Q (variation on application).