Document ID: chunk:federal_register_of_legislation:C2020A00047:clause:2_151m
Version: federal_register_of_legislation:C2020A00047
Segment Type: clause
Provision Reference: sch 2 cl 151M
Character Range: 83004–84058

151M  Renewal of functional separation undertaking
 (1) If:
 (a) a standard functional separation undertaking (the existing undertaking) given by a person is in force; and
 (b) at least 12 months before the expiry of the existing undertaking, the person gives the ACCC another standard functional separation undertaking;
the other undertaking may be expressed to be given by way of renewal of the existing undertaking.
Note: For acceptance or rejection of the other undertaking, see section 151F.
 (2) If:
 (a) a joint functional separation undertaking (the existing undertaking) given by 2 or more persons is in force; and
 (b) at least 12 months before the expiry of the existing undertaking, those persons give another joint functional separation undertaking to the ACCC;
the other undertaking may be expressed to be given by way of renewal of the existing undertaking.
Note 1: For acceptance or rejection of the other undertaking, see section 151F.
Note 2: For consultation on a decision to accept or reject the other undertaking, see section 151G.