46Revocation of approval or determination of standard terms

46 Revocation of approval or determination of standard terms

(1) The ACCC may, by written notice given to a designated entity, revoke an approval or determination of standard terms for the entity.

(2) In deciding whether or not to revoke the approval or determination, the ACCC must have regard to:

(a) the public interest; and

(b) any relevant service‑level standard; and

(ba) any relevant cash‑related contractual chain order; and

(c) any submissions made by the entity in response to a notice under subsection (4) relating to the decision; and

(d) any other matters the ACCC considers relevant.

(3) The written notice must:

(a) specify the day on which the revocation takes effect; and

(b) include a statement regarding the effect of section 35 (designated entity must apply for approval of standard terms).

(4) Before revoking a designated entity’s approval or determination under this section, the ACCC must:

(a) give the entity a written notice of the proposed decision that contains a statement of the reasons for the proposed decision; and

(b) invite the entity to make submissions regarding the proposed decision within 10 business days after the notice is given.