Commonwealth Consolidated Acts

COMPETITION AND CONSUMER ACT 2010 - SECT 153U

             (1)  The Commission must give the Treasurer a notice in writing (a no Treasurer action notice ) in respect of the prohibited conduct notice mentioned in section 153R if the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.

             (2)  The notice must:

                     (a)  be expressed to be given under this section; and

                     (b)  state the day on which the notice is given; and

                     (c)  explain the reasons why the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.

             (3)  The Commission must give a copy of the notice to the corporation:

                     (a)  unless paragraph (b) applies--45 days after issuing it; or

                     (b)  if the Commission and the Treasurer agree that it is appropriate to give a copy of the notice to the corporation at an earlier time--at that earlier time.

             (4)  A no Treasurer action notice is not a legislative instrument.