Document ID: chunk:federal_register_of_legislation:C2024A00137:clause:1_51abzzc
Version: federal_register_of_legislation:C2024A00137
Segment Type: clause
Provision Reference: sch 1 cl 51ABZZC
Character Range: 101185–102425

51ABZZC  Commitments and undertakings
 (1) In considering a notification of an acquisition under Division 4, the Commission must not have regard to a commitment or undertaking offered by a party to an acquisition:
 (a) if the notification is not subject to phase 2 review—unless:
 (i) the commitment or undertaking is offered no later than 20 business days after the effective notification date of the notification; or
 (ii) subsection 51ABZZE(3) applies to the commitment or undertaking in relation to the phase 1 determination period; or
 (b) if the notification is subject to phase 2 review—unless:
 (i) the commitment or undertaking is offered no later than the 60th business day occurring on or after the start of the phase 2 determination period; or
 (ii) subsection 51ABZZE(3) applies to the commitment or undertaking in relation to the phase 2 determination period.
 (2) In considering a public benefit application in relation to a notification of an acquisition under Division 5, the Commission must not have regard to a commitment or undertaking offered by a party to an acquisition unless subsection 51ABZZE(3) applies to the commitment or undertaking in relation to the determination period for the public benefit application.