Commonwealth Consolidated Acts

FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 79X

  (1)   Subsection   (2) applies if:

  (a)   the Treasurer makes an interim direction under subsection   79V(3) in respect of a person because a condition in subparagraph   79V(1)(a)(i) or (ii) was met in relation to a relevant contravention of a provision; and

  (b)   after the day on which the interim direction takes effect, the Treasurer makes a direction under subsection   79R(3) in respect of the person because a condition in paragraph   79R(1)(a) or (b) was met in relation to the relevant contravention.

  (2)   The interim direction ceases to have effect at the time the direction takes effect.

  (3)   To avoid doubt, this section does not prevent the Treasurer from revoking the interim direction under section   79Y.