Review
(1) If the ACMA:
(a) enters a media group in the Register under subsection 61AY(1) or 61AZ(1); or
(b) removes a media group's entry from the Register under subsection 61AZA(1); or
(c) makes an alteration to a media group's entry in the Register under subsection 61AZB(1) or 61AZC(1);
the ACMA must review the entry, removal or alteration, and make a decision:
(d) confirming the relevant entry, removal or alteration; or
(e) cancelling the relevant entry, removal or alteration.
Confirmation
(2) If the ACMA confirms the relevant entry, removal or alteration, the ACMA must remove from the Register the note stating that the entry, removal or alteration is unconfirmed.
Cancellation
(3) If the ACMA cancels an entry, the ACMA must:
(a) remove the entry from the Register; and
(b) remove from the Register the note stating that the entry is unconfirmed.
(4) If the ACMA cancels the removal of an entry, the ACMA must:
(a) restore the entry to the Register; and
(b) remove from the Register the note stating that the removal is unconfirmed.
(5) If the ACMA cancels an alteration, the ACMA must:
(a) reverse the alteration; and
(b) remove from the Register the note stating that the alteration is unconfirmed.
ACMA not required to rely on notifications
(6) To avoid doubt, in exercising its powers under subsection (1), the ACMA is not required to rely on a notification given, or purportedly given, under Division 6.
Conditional transactions
(7) If:
(a) under subsection (1), the ACMA reviews an entry or alteration; and
(b) the entry or alteration was made on the assumption that a proposed transaction had been completed (see section 61AZD); and
(c) the ACMA is not satisfied that the proposed transaction was completed within 5 business days after the making of the entry or alteration;
the ACMA must make a decision under subsection (1) cancelling the entry or alteration.
(8) If:
(a) under subsection (1), the ACMA reviews a removal of an entry; and
(b) the removal was done on the assumption that a proposed transaction had been completed (see section 61AZD); and
(c) the ACMA is not satisfied that the proposed transaction was completed within 5 business days after the removal;
the ACMA must make a decision under subsection (1) to cancel the removal.
ACMA may request additional information
(9) If:
(a) under subsection (1), the ACMA reviews an entry, removal or alteration; and
(b) the ACMA considers that additional information is required before the ACMA can make a decision under subsection (1);
the ACMA may, within 14 days after the relevant entry, removal or alteration, by written notice given to a person, request the person to provide that information.
Deadline
(10) If the ACMA does not, within 28 days after:
(a) doing whichever of the following is applicable:
(i) entering a media group in the Register under subsection 61AY(1) or 61AZ(1);
(ii) removing a media group's entry from the Register under subsection 61AZA(1);
(iii) making an alteration to a media group's entry in the Register under subsection 61AZB(1) or 61AZC(1); or
(b) if the ACMA has requested further information--receiving that further information;
make a decision under subsection (1):
(c) confirming the relevant entry, removal or alteration; or
(d) cancelling the relevant entry, removal or alteration;
the ACMA is taken to have made a decision under subsection (1) at the end of that 28 - day period confirming the relevant entry, removal or alteration.