Document ID: chunk:federal_register_of_legislation:C2024C00742:section:151l
Version: federal_register_of_legislation:C2024C00742
Segment Type: section
Provision Reference: s 151L
Character Range: 344052–344865

151L  Replacement of functional separation undertaking that is under consideration

Scope
 (1) This section applies if a person gives the ACCC a standard functional separation undertaking (the original undertaking).

Notice
 (2) The ACCC may give the person a written notice stating that, if:
 (a) the person withdraws the original undertaking; and
 (b) the person, together with one or more other persons specified in the notice, gives a joint functional separation undertaking in the terms specified in the notice; and
 (c) the person does the things mentioned in paragraphs (a) and (b) within the time limit specified in the notice;
the ACCC would be inclined to accept the joint functional separation undertaking.
 (3) The ACCC does not have a duty to consider whether to give a notice under subsection (2).