Screening of Third Country Transactions Act 2023

Issuing of screening notice to parties to transaction being reviewed by Minister

14. (1) Subject to section 15 , the Minister shall, as soon as practicable after commencing a review of a transaction under this Act, provide all parties to the transaction, and any other person the Minister considers appropriate, with a notice (in this Act referred to as a “screening notice”) in accordance with this section.

(2) A screening notice shall be in writing and shall, subject to section 15 , contain—

(a) a statement summarising the reasons for which the transaction is being reviewed,

(b) a statement that the person to whom it is addressed may make written submissions to the Minister regarding the transaction in accordance with section 21 , and

(c) a statement regarding any other matter that the Minister considers to be appropriate in the circumstances.