Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Before making a declaration under section 51 that specifies an entity as the responsible entity for an asset, the Minister must give the entity a notice:
(a) setting out the proposed declaration; and
(b) inviting the entity to make submissions to the Minister about the proposed declaration within:
(i) 28 days after the notice is given; or
(ii) if a shorter period is specified in the notice--that shorter period.
(2) The Minister must consider any submissions received within:
(a) the 28 - day period mentioned in subparagraph (1)(b)(i); or
(b) if a shorter period is specified in the notice--that shorter period.
(3) The Minister must not specify a shorter period in the notice unless the Minister is satisfied that the shorter period is necessary due to urgent circumstances.
(4) The notice must set out the reasons for making the declaration, unless the Minister is satisfied that doing so would be prejudicial to security.