80Application—initial large grocery businesses

80 Application—initial large grocery businesses

(1) Treat a corporation as being required to comply with subsection 45(1) if:

(a) on 1 April 2025, it is a retailer or wholesaler; and

(b) its total covered revenue, worked out under section 8, exceeds $5 billion for the 2023‑2024 financial year.

(2) Treat the corporation as having complied with that requirement if it notifies the Commission, in writing and within 5 business days after 1 April 2025, that the corporation is a large grocery business.