(1) This section applies if:
(a) the ACMA is satisfied that a particular section of the industry is not represented by a body or association; and
(b) the ACMA has published a notice under subsection 130P(1) relating to that section of the industry; and
(c) that notice:
(i) states that, if such a body or association were to come into existence within a particular period, the ACMA would be likely to give a notice to that body or association under subsection 130N(1); and
(ii) sets out one or more matters relating to the industry activities of the participants in that section of the industry; and
(d) no such body or association comes into existence within that period; and
(e) the ACMA is satisfied that it is necessary or convenient for the ACMA to determine a standard in order to:
(i) provide appropriate community safeguards in relation to that matter or those matters; or
(ii) otherwise regulate adequately participants in that section of the industry in relation to that matter or those matters.
(2) The ACMA may, by legislative instrument, determine a standard that applies to participants in that section of the industry and deals with that matter or those matters. A standard under this subsection is to be known as an industry standard .
(3) The Minister may give the ACMA a written direction as to the exercise of its powers under this section.