Declaration of assets by the Minister
51 Declaration of assets by the Minister
The Minister may, in writing, declare a particular asset to be a critical infrastructure asset if:
the asset is not otherwise a critical infrastructure asset; and
the asset relates to a critical infrastructure sector; and
the Minister is satisfied that the asset is critical to:
the social or economic stability of Australia or its people; or
the defence of Australia; or
national security; and
there would be a risk to:
the social or economic stability of Australia or its people; or
the defence of Australia; or
national security;
if it were publicly known that the asset is a critical infrastructure asset.
It is an offence to disclose the fact that an asset is declared to be a critical infrastructure asset (see section 45).
The declaration must specify the entity that is the responsible entity for the asset.
The declaration may do any or all of the following:
determine that Part 2 applies to the asset;
determine that Part 2A applies to the asset;
determine that Part 2B applies to the asset.
The Minister must notify the following of the declaration, in writing, within 30 days after making the declaration:
each reporting entity for the asset;
if the asset is a tangible asset located (wholly or partly) in a State, the Australian Capital Territory or the Northern Territory—the First Minister of the State, the Australian Capital Territory or the Northern Territory, as the case requires.
A declaration under subsection (1) is not a legislative instrument.
This Act’s bill:Explanatory memorandumSecond reading speech
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