sec.150Particular authority holders taken to hold security clearances

sec.150 Particular authority holders taken to hold security clearances

This section applies in relation to a security sensitive authority that— was in effect immediately before the commencement; or is given after the commencement for an existing application. If the holder of the security sensitive authority is an individual, the holder is, on the relevant day, taken to be the holder of a security clearance. If the holder of the security sensitive authority is a corporation other than a listed corporation, each executive officer of the corporation is taken, on the relevant day, to be the holder of a security clearance. If the holder of the security sensitive authority is a partnership, each partner is taken, on the relevant day, to be the holder of a security clearance. Subsections (6) and (7) apply if the holder of the security sensitive authority is a listed corporation. Within 2 months after the relevant day, the listed corporation must, by written notice given to the chief inspector, nominate an executive officer or employee of the corporation as the responsible person for the corporation for matters relating to explosives. Maximum penalty—50 penalty units. On the day the nomination is received by the chief inspector, the responsible person for the listed corporation is taken to be the holder of a security clearance. Despite section 12E, a security clearance mentioned in subsection (2), (3), (4) or (7) expires on the earlier of the following— the day the security sensitive authority expires or is cancelled or surrendered or, if the authority is renewed, the day the renewed authority expires or is cancelled or surrendered; the day that is 5 years after the security clearance takes effect. In this section— relevant day means— in relation to an authority that was in effect immediately before the commencement—the day this section commences; or in relation to an authority given after the commencement for an existing application—the day the authority takes effect. s 150 ins 2019 No. 7 s 91 (sec.150-ssec.1) This section applies in relation to a security sensitive authority that— was in effect immediately before the commencement; or is given after the commencement for an existing application. (sec.150-ssec.2) If the holder of the security sensitive authority is an individual, the holder is, on the relevant day, taken to be the holder of a security clearance. (sec.150-ssec.3) If the holder of the security sensitive authority is a corporation other than a listed corporation, each executive officer of the corporation is taken, on the relevant day, to be the holder of a security clearance. (sec.150-ssec.4) If the holder of the security sensitive authority is a partnership, each partner is taken, on the relevant day, to be the holder of a security clearance. (sec.150-ssec.5) Subsections (6) and (7) apply if the holder of the security sensitive authority is a listed corporation. (sec.150-ssec.6) Within 2 months after the relevant day, the listed corporation must, by written notice given to the chief inspector, nominate an executive officer or employee of the corporation as the responsible person for the corporation for matters relating to explosives. Maximum penalty—50 penalty units. (sec.150-ssec.7) On the day the nomination is received by the chief inspector, the responsible person for the listed corporation is taken to be the holder of a security clearance. (sec.150-ssec.8) Despite section 12E, a security clearance mentioned in subsection (2), (3), (4) or (7) expires on the earlier of the following— the day the security sensitive authority expires or is cancelled or surrendered or, if the authority is renewed, the day the renewed authority expires or is cancelled or surrendered; the day that is 5 years after the security clearance takes effect. (sec.150-ssec.9) In this section— relevant day means— in relation to an authority that was in effect immediately before the commencement—the day this section commences; or in relation to an authority given after the commencement for an existing application—the day the authority takes effect.