Section 8 – Duration of interim designation
29.Subsection (1) specifies that an interim designation expires after thirty days or on the making of a final designation under section 2, whichever is earlier. Subsection (2) provides that where an interim designation expires the Treasury must give written notice of this to the designated person and take reasonable steps to tell persons informed of the interim designation that it has expired. Subsection (3) provides that where an interim designation expires on the making of a final designation the Treasury may issue a single notice informing the person of the expiry of the interim designation and the making of a final designation, and similarly may combine the steps taken to publicise the final designation with the reasonable steps taken to inform persons of the expiry of the interim designation.
