Revocation of determination
52F Revocation of determination
Scope
This section applies if:
a declaration under subsection 52B(1) is in force in relation to an asset; and
the Minister is no longer satisfied that the asset is of national significance.
Duty to revoke declaration
The Minister must, in writing, revoke the declaration.
Revocation is not a legislative instrument
A revocation of the declaration is not a legislative instrument.
Application of Acts Interpretation Act 1901
This section does not, by implication, affect the application of subsection 33(3) of the Acts Interpretation Act 1901 to an instrument made under a provision of this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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