Commonwealth Consolidated Acts

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Undertakings not to engage in pricing practices

  (1)   An ocean carrier may, at any time, offer to give an undertaking:

  (a)   not to engage in a pricing practice; and

  (b)   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.

  (2)   The offer must be:

  (a)   in the appropriate prescribed form; and

  (b)   made to the Minister in accordance with the regulations.

  (3)   If the Minister accepts the offer, the Minister may do either or both of the following:

  (a)   revoke any reference made to the Commission under subsection   10.63(1) in relation to the ocean carrier;

  (b)   revoke any order made under subsection   10.61(1) in relation to the ocean carrier.

  (4)   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.

  (5)   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  10.61(1), the Registrar shall immediately include in the register a notation to the effect that the order has been revoked.

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