51ABZVWhen Commission may cease considering public benefit applications

51ABZV When Commission may cease considering public benefit applications

(1) This section applies to a public benefit application in relation to a notification of an acquisition if the Commission has not made a determination in respect of the application under subsection 51ABZW(1).

(2) The Commission must decide, in writing, to cease considering the application if requested to do so, in writing, by the notifying party of the notification.

(3) The Commission may also decide, in writing, to cease considering the application if the Commission is satisfied that the parties to the acquisition no longer intend to put the acquisition into effect.

(4) Subsections (2) and (3) do not limit each other.

(5) If the Commission decides under subsection (2) or (3) to cease considering the application:

(a) the Commission must give written notice of its decision to the notifying party of the notification; and

(b) Subdivisions B, D and F do not apply to the application.

Note 1: An effect of making the decision is that the acquisition might not be able to be put into effect (see section 45AY, subsection 51ABE(3) and section 51ABF).

Note 2: For review of a decision under subsection (3) of this section, see section 51ABZZG.