Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The owner or holder of a freezable asset may apply in writing to the Minister for permission to use or deal with the asset in a specified way.
(2) The owner or holder of an asset may apply in writing to the Minister for permission to make the asset available to a proscribed person or entity specified in the application.
(3) The Minister may, by written notice:
(a) permit a freezable asset specified in the notice to be used or dealt with in a specified way; or
(b) permit an asset specified in the notice to be made available to a proscribed person or entity specified in the notice.
(3A) The Minister may issue such a notice on his or her own initiative or upon application under subsection ( 1) or (2).
(4) The notice may be subject to conditions.
(5) The notice must be given to the owner or holder of the asset as soon as practicable after it is made.
(6) The Minister may delegate the Minister's powers and functions under this section to:
(a) the Secretary of the Department; or
(b) an SES employee, or acting SES employee, in the Department.
The delegation must be in writing.
(7) The delegate must comply with any directions of the Minister in exercising powers or functions under the delegation.