151LReplacement of functional separation undertaking that is under consideration

151L Replacement of functional separation undertaking that is under consideration

Scope (1) This section applies if a person gives the ACCC a standard functional separation undertaking (the original undertaking). Notice (2) The ACCC may give the person a written notice stating that, if: (a) the person withdraws the original undertaking; and (b) the person, together with one or more other persons specified in the notice, gives a joint functional separation undertaking in the terms specified in the notice; and (c) the person does the things mentioned in paragraphs (a) and (b) within the time limit specified in the notice; the ACCC would be inclined to accept the joint functional separation undertaking. (3) The ACCC does not have a duty to consider whether to give a notice under subsection (2).