Independent Competition and Regulatory Commission Act 1997

Each provision of a price direction—

comes into effect—

on a day ascertained in accordance with the direction; or

if a day is not ascertained in accordance with the direction—14 days after the day the final report containing the direction is presented to the Legislative Assembly; and

remains in effect until a day ascertained in accordance with the direction.

Under subsection (1), the dates and periods of effect of different provisions of a price direction may be different.

Note The dates and periods of effect of the price regulation provisions of the direction and any future reset principles in the direction will necessarily be different (see s 20B (3)).