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 5 - Treasurer directions  

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Div 5 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 A - Directions to persons  

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Subdiv A 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 79S   PUBLICATION OF DIRECTIONS  

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79S(1)    
If the Treasurer makes a direction under subsection 79R(3) , the Treasurer must ensure that the direction is published on a website maintained by the Department as soon as practicable after it is made.

79S(2)    
If a direction under subsection 79R(3) has not yet been published on a website maintained by the Department, the Treasurer may decide, in writing, that publishing the direction on such a website would be contrary to the national interest.

79S(3)    
If the Treasurer makes a decision under subsection (2) in relation to a direction, subsection (1) does not apply to the direction.

79S(4)    
The direction is not invalid merely because of a failure to comply with subsection (1).

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History

S 79S 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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