Screening of Third Country Transactions Act 2023
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Calculation of period within which Minister shall make screening decision | ||
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20. (1) Notwithstanding section 16 , where the Minister issues a notice of information under section 19 before the expiry of the period applicable to the transaction under section 16 (3), that period shall stand suspended on and from the date on which the notice of information is issued and shall resume on the date on which the party to whom the notice of information was issued complies with section 19 (3). | ||
(2) The Minister shall, within 10 days from the date on which information is provided under section 19 (3), provide a written notification to the person providing the information and, where relevant, the person providing a certification under section 19 (4) relating to that information, stating whether or not the Minister is satisfied that the notice of information has been complied with. | ||
(3) For the purposes of subsection (1), section 19 (3) shall be deemed not to be complied with until the earlier of— | ||
(a) the date on which the Minister notifies, in writing, the person providing the information under section 19 (3) that the Minister is satisfied that the notice of information has been complied with, or | ||
(b) subject to subsection (4), 10 days from the date on which the Minister was provided with the information under section 19 (3). | ||
(4) Where it is confirmed, under subsection (2), that the Minister is not satisfied that a notice of information to which the certification relates has been complied with— | ||
(a) section 19 (3) shall be deemed not to be complied with for the purposes of subsection (1), and | ||
(b) the Minister may, in writing, request additional information relating to the notice of information from the person to whom it was issued. | ||
(5) Where, having received additional information requested under subsection (4), the Minister considers that the notice of information to which the request relates has been complied with— | ||
(a) the Minister shall notify the person or undertaking of that fact in writing, and | ||
(b) section 19 (3) shall be deemed to be complied with on and from the date of the notification under paragraph (a). |