51ABZDWhen Commission may cease considering notifications

51ABZD When Commission may cease considering notifications

(1) This section applies to a notification of an acquisition if the Commission has not made a determination in respect of the notification under subsection 51ABZE(1).

(2) The Commission must decide, in writing, to cease considering the notification if requested to do so, in writing, by the notifying party of the notification.

(3) The Commission may also decide to cease considering the notification if the Commission is satisfied that the parties to the acquisition no longer intend to put the acquisition into effect.

(4) Subsections (2) and (3) do not limit each other.

(5) If the Commission decides under subsection (2) or (3) to cease considering the notification:

(a) the Commission must give written notice of the decision to the notifying party of the notification; and

(b) Subdivision B of this Division, and Division 4, do not apply to the notification.

Note: An effect of the decision is that the acquisition must not be put into effect (see section 45AY, subsection 51ABE(3) and section 51ABF).

(6) To avoid doubt, a decision under subsection (2) or (3) of this section does not have the effect that the acquisition ceases to be a notified acquisition.