Undertakings not to engage in pricing practices
10.64 Undertakings not to engage in pricing practices
An ocean carrier may, at any time, offer to give an undertaking:
not to engage in a pricing practice; and
to give the Registrar such information as the Registrar from time to time requires (verified as the Registrar requires) for the purpose of ascertaining whether the ocean carrier is engaging in, or has engaged in, the pricing practice.
The offer must be:
in the appropriate prescribed form; and
made to the Minister in accordance with the regulations.
If the Minister accepts the offer, the Minister may do either or both of the following:
revoke any reference made to the Commission under subsection 10.63(1) in relation to the ocean carrier;
revoke any order made under subsection 10.61(1) in relation to the ocean carrier.
If the Minister accepts the offer, the ocean carrier shall be taken to have given the undertaking, and the Registrar shall immediately register the undertaking by entering particulars of it in the register of obligations concerning unfair pricing practices.
If the Minister revokes an order made under subsection 10.61(1), the Registrar shall immediately include in the register a notation to the effect that the order has been revoked.
This provision refers to the regulations (prescribed form
, the regulations
). Made under this Act:
- Australian Competition and Consumer Commission (Allowances) Regulations · under s 172
- Competition and Consumer Regulations 2010 · under s 172
- Trade Practices (Consumer Product Safety Standard) (Treadmills) Regulations 2009 · under s 172(1)
24 more instruments made under this Act are listed on the Act’s overview.
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