Commonwealth Consolidated Acts[Declaration]
(1) If, on an application under subsection 111(1) or (2), the DAA is satisfied that:
(a) publication of the information specified in the application could reasonably be expected to prejudice substantially the commercial interests of the applicant; and
(b) the prejudice outweighs the public interest in the publication of the information;
the DAA may declare that the information is to be treated as commercial‑in‑confidence information for the purposes of this Part.
[Notification of decision on application]
(2) The DAA must give the applicant written notice of the decision about the application.
[Confidential status maintained until reconsideration or review finalised]
(3) For the purposes of this Part, if the DAA refuses an application under subsection 111(1) or (2) in relation to information, the information is treated as commercial‑in‑confidence information at a particular time if:
(a) the time is after the application is made but before the end of the period of 21 days after the giving of the notice of refusal; or
(b) if, during that period, the applicant requests the DAA to reconsider the decision refusing the application--the time is during the period when that reconsideration, or any subsequent application to the AAT, has not been finalised.
[Reconsideration taken not to be finalised during period when AAT application can be made]
(4) For the purposes of this section, a reconsideration of a decision is taken not to have been finalised during the period of 28 days after:
(a) if, because of the operation of subsection 119(4), the decision is taken to be confirmed--the day on which the decision is taken to have been confirmed; or
(b) in any other case--the day on which the decision on the reconsideration is notified to the entity concerned.
[Reasons for decision]
(5) If the DAA refuses to make a declaration, the notice of refusal must set out the reasons for the refusal.
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