Document ID: chunk:federal_register_of_legislation:C2024C00844:section:74:p1
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 74 (pt 1/3)
Character Range: 169131–171827

74  No objection notification imposing conditions

Application of this section
 (1) This section applies if:
 (a) the Treasurer is satisfied that a significant action (other than a significant action covered by paragraph (1A)(b)) is proposed to be taken (whether or not the Treasurer was given a notice relating to the action); or
 (b) all of the following apply:
 (i) the Treasurer is satisfied that a significant action has been taken;
 (ii) the Treasurer was not given a notice relating to the action before the action was taken;
 (iii) the action is not covered by paragraph (1A)(b); or
 (c) all of the following apply:
 (i) the Treasurer is satisfied that a significant action has been taken;
 (ii) the Treasurer was given a notice relating to the action before the action was taken;
 (iia) the action is not covered by paragraph (1A)(b);
 (iii) the action was taken before the day mentioned in section 82.
Note: See also sections 76 (content of no objection notification) and 77 (time limit on making orders and decisions).
 (1A) This section also applies if the following kinds of actions are proposed to be taken or have been taken:
 (a) a notifiable national security action that is not a significant action;
 (b) an action in respect of which the Treasurer has given a notice under subsection 66A(4);
 (c) a reviewable national security action that is notified to the Treasurer.
Note: See also sections 76 (content of no objection notification) and 77 (time limit on making orders and decisions).

Imposition of conditions
 (2) The Treasurer may:
 (a) decide that the Commonwealth has no objection to the action if one or more of the following conditions were imposed:
 (i) for paragraph (1)(a)—a condition that the Treasurer is satisfied is necessary to ensure the action, if taken, will not be contrary to the national interest;
 (ii) for paragraphs (1)(b) and (c)—a condition that the Treasurer is satisfied is necessary to ensure that the action is not contrary to the national interest;
 (iii) for subsection (1A) and in relation to an action proposed to be taken—a condition that the Treasurer is satisfied is necessary to ensure the action, if taken, will not be contrary to national security;
 (iv) for subsection (1A) and in relation to an action that has been taken—a condition that the Treasurer is satisfied is necessary to ensure the action is not contrary to national security; and
 (b) notify the person, in writing (the no objection notification), of the conditions.
 (3) The no objection notification:
 (a) must be given before the end of 10 days after the decision is made; and
 (b) if a notice relating to the action was given—may be given to the person at an address