Commonwealth Consolidated Acts

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FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 77A

Treasurer may extend decision period by up to 90 days

  (1)   Before the end of a decision period, the Treasurer may, by notice in writing given to the person specified in subsection   77(9), extend (or further extend) the period. The Treasurer may do so more than once.

  (2)   The total number of days by which the Treasurer may extend a decision period by notices given under this section must not exceed 90 days.

  (3)   The notice:

  (a)   must include the reasons for the decision; and

  (b)   in a case to which item   1 of the table in subsection   77(6) applies--may be given to the person at an address (including an electronic address) specified in the notice relating to the action as the address for service of notices relating to the action.

  (4)   The Treasurer is not required to observe any requirements of the natural justice hearing rule in making a decision under subsection   (1).



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