24NNature of review

24N Nature of review (1) On application for review of a price direction (the original price direction), an industry panel may— (a) substitute a new price direction for the original price direction; or (b) confirm the original price direction; or (c) set aside the original price direction and remit the matter back to the commission to make a new price direction in accordance with any direction of the industry panel. (2) An industry panel must make a decision on an application for review— (a) on the merits of the case, having regard to the commission’s objective when making a price direction; and (c) as required by section 20A, section 20B and section 20C for price directions.

(3) Despite subsection (2), the panel may not consider any matter on an application for review that was not raised on behalf of the applicant in submissions to the commission for the purposes of the investigation of the price direction that is the subject of the review. (4) An industry panel review is not a legal proceeding for the Criminal Code, chapter 7 (Administration of justice offences).