Foreign Acquisitions and Takeovers Act 1975

PART 3 - POWERS OF TREASURER  

Division 5 - Treasurer directions  

Subdivision B - Interim directions to persons  

SECTION 79X   EXPIRY OF INTERIM DIRECTION  

79X(1)    
Subsection (2) applies if:

(a)    the Treasurer makes an interim direction under subsection 79V(3) in respect of a person because a condition in subparagraph 79V(1)(a)(i) or (ii) was met in relation to a relevant contravention of a provision; and

(b)    after the day on which the interim direction takes effect, the Treasurer makes a direction under subsection 79R(3) in respect of the person because a condition in paragraph 79R(1)(a) or (b) was met in relation to the relevant contravention.

79X(2)    
The interim direction ceases to have effect at the time the direction takes effect.

79X(3)    
To avoid doubt, this section does not prevent the Treasurer from revoking the interim direction under section 79Y .