Commonwealth Consolidated Regulations

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COMPETITION AND CONSUMER REGULATIONS 2010 - REG 43

Undertakings

             (1)  An offer to give an undertaking under section 10.49, 10.59 or 10.64 of the Act must be in accordance with Form 5 in Schedule 3.

             (2)  The following particulars are specified for the purposes of Form 5:

                     (a)  a brief description of the terms of the undertaking;

                     (b)  the trade area or trade route to which the undertaking will relate;

                     (c)  the date from which it is proposed the undertaking will operate;

                     (d)  the names of the parties to whom the undertaking will apply;

                     (e)  in the case of an offer under section 10.49:

                              (i)  the name of the registered conference agreement;

                             (ii)  the date of final registration of the agreement;

                      (f)  in the case of an offer under section 10.49 or 10.59 of the Act:

                              (i)  the date and title of the Commission's report under section 10.46, 10.47, 10.48, 10.56, 10.57 or 10.58 of the Act that led to the offer to give the undertaking; or

                             (ii)  the date of the reference to the Commission under section 10.46, 10.47 or 10.56 of the Act or the application to the Commission under section 10.48 or 10.58 of the Act;

                     (g)  in the case of an offer under section 10.64 of the Act:

                              (i)  the date of the reference to the Commission, and the report, under section 10.63 of the Act; and

                             (ii)  a statement that if the offer is accepted the ocean carrier will, if asked by the Registrar, give such information as is necessary to show that the ocean carrier is complying with the terms of the offer.



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