52Notification of change to reporting entities for asset

#### 52 Notification of change to reporting entities for asset (1) This section applies if a reporting entity (the first entity) for an asset declared under subsection 51(1) to be a critical infrastructure asset: (a) ceases to be a reporting entity for the asset; or (b) becomes aware of another reporting entity for the asset (whether or not as a result of the first entity ceasing to be a reporting entity). (2) The first entity must, within 30 days, notify the Secretary of the following: (a) the fact in paragraph (1)(a) or (b) (as the case requires); (b) if another entity is a reporting entity for the asset—the name of each other entity and the address of each other entity’s head office or principal place of business (to the extent known by the first entity). > Note: If the entity is not a legal person, see Division 2 of Part 7. Civil penalty: 150 penalty units. (3) The first entity must use the entity’s best endeavours to determine the name and relevant address of any other entity for the purposes of paragraph (2)(b). (4) If the Secretary is notified of another entity under paragraph (2)(b), the Secretary must notify the other entity of the declaration under subsection 51(1), in writing, within 30 days after being notified under that paragraph.