Document ID: chunk:federal_register_of_legislation:C2024C00844:section:79a:p2
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 79A (pt 2/2)
Character Range: 195735–197490

Treasurer reviews an action under this section:
 (a) the Treasurer must, unless it would prejudice Australia's national security interests to do so, notify the person, in writing, of the review; and
 (b) if the action has not been taken—the giving of the notice prohibits, by force of this paragraph, the taking of the action until the review of the action is completed and:
 (i) an order made under this Division is registered under section 79M; or
 (ii) a no objection notification is varied under section 79G; or
 (iii) a notice imposing conditions is given to the person under section 79H or is varied under section 79J; or
 (iv) a notice is given under section 79B advising that a national security risk does not exist in relation to the action; and
 (c) if the action has been taken—the Treasurer may:
 (i) in the notice—give any direction to the person in relation to the action or a related activity that the Treasurer considers necessary to address the national security risk; and
 (ii) in writing and before the review is completed—give any subsequent direction to the person in relation to the action or a related activity that the Treasurer considers necessary to address the national security risk.
 (4) For the purposes of paragraph (3)(b) and an exemption certificate, the giving of the notice also prohibits, by force of this subsection, an action in relation to interests or kinds of interests, or the kinds of actions, to which the certificate relates until the review of the action is completed and an event mentioned in any of subparagraphs (3)(b)(i) to (iv) has occurred.
 (5) For the purposes of paragraph (3)(c), the Treasurer may not give a direction that would require the person to take action of a kind mentioned in section 79E.