Review and expiry of Part
43 Review and expiry of Part
The
Commission must, within the last year of each prescribed period, conduct a review of the industries subject to this Part to determine whether this Part should continue to apply to those industries.
The
Commission must give reasonable notice of the review, by publishing a notice in a manner and form determined by the Commission to be most appropriate in the circumstances, inviting written submissions on the matters under review within a reasonable time specified for the purpose in the notice.
The
Commission must consider submissions made in response to the notice and other submissions made in the course of other forms of public consultation undertaken by the Commission in connection with the review.
On completing the review, the Commission must forward to the Minister a report on the review and the conclusions reached by the Commission as a result of the review and, in particular, must recommend either—
that this Part should continue in operation for a further prescribed period; or
that this Part should expire at the end of the existing prescribed period.
The
Minister must have copies of the report laid before both Houses of
Parliament and must have the Commission's recommendation published in the Gazette.
This
Part expires at the end of a prescribed period unless—
the
Commission has, in the report of a review conducted during the prescribed period, recommended that it should continue in operation for a further prescribed period; and
a regulation has been made extending the period of its operation accordingly.
In this section—
prescribed period means—
the period ending 30 October 2012; and
each successive period of 5 years thereafter.
This provision refers to the regulations (prescribed period
, a regulation
). Made under this Act:
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