Document ID: chunk:federal_register_of_legislation:C2019A00115:clause:1_153l
Version: federal_register_of_legislation:C2019A00115
Segment Type: clause
Provision Reference: sch 1 cl 153L
Character Range: 11305–12567

153L  Commission may give draft public warning notice
 (1) The Commission may give a corporation a notice in writing if the Commission reasonably believes that:
 (a) any of the following conditions are satisfied:
 (i) the corporation has engaged in prohibited conduct;
 (ii) the corporation is engaging in prohibited conduct; and
 (b) one or more persons has suffered, or is likely to suffer, detriment as a result of the prohibited conduct; and
 (c) it is in the public interest to issue the notice.
 (2) The notice must:
 (a) state the day on which the notice is given; and
 (b) identify:
 (i) the corporation mentioned in paragraph (1)(a); and
 (ii) the prohibited conduct mentioned in paragraph (1)(a); and
 (c) explain the reasons why the Commission reasonably believes that the requirements in paragraphs (1)(a), (b) and (c) are met; and
 (d) state that:
 (i) the corporation may, within 21 days after being given the notice, make representations to the Commission regarding the matters mentioned in paragraphs (1)(a), (b) and (c); and
 (ii) the Commission may issue a public warning notice under section 153M in relation to the prohibited conduct after those 21 days have passed.
 (3) A notice given under subsection (1) is not a legislative instrument.