153MCommission may issue public warning notice

153M Commission may issue public warning notice

(1) This section applies if:

(a) the Commission gave a corporation a notice under section 153L in relation to prohibited conduct; and

(b) at least 21 days have passed since the Commission gave the corporation the notice; and

(c) no more than 90 days have passed since the Commission gave the corporation the notice.

(2) The Commission may issue to the public a written notice containing a warning about the prohibited conduct if the Commission reasonably believes that:

(a) any of the following conditions are satisfied:

(i) the corporation has engaged in the prohibited conduct;

(ii) the corporation is engaging in the prohibited conduct; and

(b) one or more persons has suffered, or is likely to suffer, detriment as a result of the prohibited conduct; and

(c) it is in the public interest to issue the notice.

(3) The notice must:

(a) state the day on which the notice is issued; and

(b) identify:

(i) the corporation mentioned in paragraph (2)(a); and

(ii) the prohibited conduct mentioned in paragraph (2)(a).

(4) A notice issued under subsection (2) is not a legislative instrument.