Independent Competition and Regulatory Commission Act 1997

If, as a result of a review, an industry panel substitutes a new price direction for the original—

each provision of the substituted 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

each provision of the substituted direction remains in effect until a day ascertained in accordance with the direction; and

the date and period of effect of different provisions of the substituted direction may be different; and

this Act applies as if the substituted price direction were a price direction made by the commission (subject to subsection (2))—

Example

The substituted price direction may be varied under part 4B (Variation of price directions).

A substituted direction may not be reviewed under this part.