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 4 - Administrative provisions  

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Div 4 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 B - Variation of notices imposing conditions  

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Subdiv B 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 79Q   VARIATION ON APPLICATION  

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79Q(1)    
A person given a notice imposing conditions may apply to the Treasurer for a variation of the notice (including after the action specified in the notice is taken).

Note: See also Part 6 (fees) and section 135 (manner of application).

79Q(2)    
An application for an extension of a period specified in a notice imposing conditions must be made 2 months before the end of the period.

79Q(3)    
The Treasurer may vary a notice imposing conditions if the Treasurer is satisfied that the variation is not contrary to national security.

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History

S 79Q 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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