Foreign Acquisitions and Takeovers Act 1975

PART 3 - POWERS OF TREASURER  

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History

Pt 3 substituted by No 150 of 2015, s 3, Sch 1[4] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

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

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Div 3 inserted by No 114 of 2020, s 3, Sch 1[132] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

Subdivision C - Other powers of Treasurer  

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Subdiv C inserted by No 114 of 2020, s 3, Sch 1[132] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

SECTION 79G  

79G   VARYING OR REVOKING CONDITIONS OF NO OBJECTION NOTIFICATION  

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If a person was given a no objection notification in relation to an action, the Treasurer may decide to vary the no objection notification 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 76 ;

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.

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History

S 79G inserted by No 114 of 2020, s 3, Sch 1[132] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

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