Other undertakings
463 Other undertakings
An authorised person may accept any of the following undertakings:
a written undertaking given by a person that the person will, in order to provide compensation for loss or damage suffered as a result of a contravention or alleged contravention by the person of a provision mentioned in section 458, pay another person an amount worked out in accordance with the undertaking;
a written undertaking given by a person in connection with a matter relating to a contravention or alleged contravention by the person of a provision mentioned section 458.
The undertaking must be expressed to be an undertaking under this section.
The power in subsection (1) is in addition to the power of an authorised person under subsection 114(1) of the Regulatory Powers Act.
Part 6 of the Regulatory Powers Act, other than subsections 114(1) and (2), applies to an undertaking accepted under subsection (1) of this section as if it were an undertaking accepted under subsection 114(1) of that Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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