Document ID: chunk:federal_register_of_legislation:C2006A00127:clause:1_2
Version: federal_register_of_legislation:C2006A00127
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 1435–2216

2  After subsection 38B(21)
Insert:

 (21A) The condition specified in subsection (21B) applies if:
 (a) a commercial television broadcasting licence is allocated to a joint‑venture company under subsection (5); and
 (b) the licence is transferred to another company (the transferee company); and
 (c) an election is in force under subclause 6(7B) of Schedule 4 in relation to one or both of the commercial television broadcasting services provided under the licences referred to in subsection (1) as the parent licences.

 (21B) The licence held by the transferee company is subject to the condition that the transferee company will continue to transmit a commercial television broadcasting service provided under a parent licence in relation to which that election is in force.