20Requirement to give ACCC annual report on agreements

20 Requirement to give ACCC annual report on agreements

(1) A designated entity must, for each financial year, give to the ACCC a written report containing the information specified in section 21 in relation to any service agreement or access agreement for which the entity was the provider in the financial year.

(2) The report must be given:

(a) within 30 business days after the end of the financial year; or

(b) if the ACCC determines a longer period for the report under section 22—within the period determined.

(3) A designated entity is liable to a civil penalty if:

(a) the entity is required to give a report under subsection (1); and

(b) the entity fails to give the report within the period required by subsection (2).

Note 1: An individual may be liable for an ancillary contravention of this civil penalty provision (see section 92 of the Regulatory Powers Act).

Note 2: This subsection is a continuing civil penalty provision under section 93 of the Regulatory Powers Act.

Civil penalty:

(a) for a body corporate—300 penalty units; and

(b) for an individual—60 penalty units.

(4) A report under subsection (1) is not a legislative instrument.