National Security and Investment Act 2021

46Review, variation and revocation of cost recovery noticeU.K.

This section has no associated Explanatory Notes

(1)The Secretary of State must keep a cost recovery notice under review and may vary or revoke it as the Secretary of State considers appropriate.

(2)If a cost recovery notice is revoked under this section, the Secretary of State must, as soon as practicable, give a notice to the person to whom the cost recovery notice was given.

(3)If the costs, or the period within which the costs are to be paid, is varied under this section, the Secretary of State must, as soon as practicable, give a notice to the person to whom the cost recovery notice was given which—

(a)states the variation and the reasons for the variation,

(b)includes information about rights of appeal and consequences of non-payment.

(4)A notice under subsection (3) is referred to in this Act as a cost variation notice.

Commencement Information

I1S. 46 in force at 4.1.2022 by S.I. 2021/1465, regs. 2, 3 (with regs. 4, 5)