Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 79P

  (1)   The Treasurer may, subject to subsection   (3), vary a notice imposing conditions 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   79H;

if the Treasurer is satisfied that the variation is not contrary to national security.

  (2)   The variation may be made on the Treasurer's own initiative.

  (3)   The Treasurer may vary a notice imposing conditions given to a person by imposing a new condition or varying an existing condition only if:

  (a)   the person consents to the new condition or the variation; or

  (b)   the Treasurer is satisfied that the new condition or variation does not disadvantage the person.