157SRevocation of national interest exemption

157S  Revocation of national interest exemption  (1) The Minister may, by written instrument, revoke a national interest exemption, on the Minister’s initiative, if the Minister reasonably believes that:  (a) the exemption is no longer in the national interest; or  (b) a condition of the exemption has been contravened. Note 1: The Minister may request information to make an informed decision under subsection 157V(1). Note 2: For paragraph (a), subsection 157L(3) applies in relation to determining the national interest. Note 3: A national interest exemption is taken to be revoked if the Minister decides to accept the surrender of the exemption under section 157U.  (2) A revocation comes into force on the day specified in the revocation (which must not be earlier than the day the revocation is made).  (3) A revocation made under subsection (1) is not a legislative instrument.