Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Commission must give the Treasurer a notice in writing (a no Treasurer action notice ) in respect of the prohibited conduct notice mentioned in section 153R if the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.
(2) The notice must:
(a) be expressed to be given under this section; and
(b) state the day on which the notice is given; and
(c) explain the reasons why the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.
(3) The Commission must give a copy of the notice to the corporation:
(a) unless paragraph (b) applies--45 days after issuing it; or
(b) if the Commission and the Treasurer agree that it is appropriate to give a copy of the notice to the corporation at an earlier time--at that earlier time.
(4) A no Treasurer action notice is not a legislative instrument.