Foreign Acquisitions and Takeovers Act 1975

PART 7A - THE REGISTER OF FOREIGN OWNERSHIP OF AUSTRALIAN ASSETS  

Division 5 - Miscellaneous  

SECTION 130ZW   DIRECTIONS BY TREASURER  

130ZW(1)    
The Treasurer may, by legislative instrument, give written directions to the Registrar about the performance of the Registrar ' s functions and the exercise of the Registrar ' s powers.

Note: Section 42 (disallowance) and Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 do not apply to the directions (see regulations made for the purposes of paragraphs 44(2)(b) and 54(2)(b) of that Act).

130ZW(2)    
Without limiting subsection (1), a direction under that subsection may relate to any of the following:

(a)    matters to be dealt with in the data standards;

(b)    without limiting section 17 (consultation before making legislative instruments) of the Legislation Act 2003 , consultation processes to be followed prior to making data standards.

130ZW(3)    
A direction under subsection (1) must be of a general nature only.

130ZW(4)    
Subsection (3) does not prevent a direction under subsection (1) from relating to a particular matter to be dealt with in the data standards. However, the direction must not direct the Registrar how to apply the data standards in a particular case.

130ZW(5)    
The Registrar must comply with a direction under subsection (1).