(1) This section applies if:
(a) a core State/Territory entity gives the Minister a notice under subsection 23(1) about its proposal to enter an arrangement with a core foreign entity; and
(b) the Minister has not made a decision under subsection 24(2) or (3) within the 30-day period that starts on the day the notice is given.
(2) The Minister is taken to have given approval under this subsection for the core State/Territory entity to enter the arrangement as proposed.
Note: The Minister's approval under this subsection may not be revoked.
(3) The Minister's approval under subsection (2) comes into force immediately after the end of the period referred to in paragraph (1)(b).
(4) The Minister may no longer make a decision under section 24 about the proposed arrangement.