Foreign Acquisitions and Takeovers Act 1975

PART 3 - POWERS OF TREASURER  

Division 4 - Administrative provisions  

Subdivision B - Variation of notices imposing conditions  

SECTION 79P   VARIATION WITH CONSENT OR WITHOUT DISADVANTAGE  

79P(1)    
The Treasurer may, subject to subsection (3), vary a 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 not contrary to national security.

79P(2)    
The variation may be made on the Treasurer ' s own initiative.

79P(3)    
The Treasurer may vary a notice imposing conditions given to a person by imposing a new condition or varying an existing condition only if:

(a)    the person consents to the new condition or the variation; or

(b)    the Treasurer is satisfied that the new condition or variation does not disadvantage the person.