Telecommunications Act 1997
151MRenewal of functional separation undertaking
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151M Renewal of functional separation undertaking
(1) If: (a) a standard functional separation undertaking (the existing undertaking) given by a person is in force; and (b) at least 12 months before the expiry of the existing undertaking, the person gives the ACCC another standard functional separation undertaking; the other undertaking may be expressed to be given by way of renewal of the existing undertaking.
Note: For acceptance or rejection of the other undertaking, see section 151F.
(2) If: (a) a joint functional separation undertaking (the existing undertaking) given by 2 or more persons is in force; and (b) at least 12 months before the expiry of the existing undertaking, those persons give another joint functional separation undertaking to the ACCC; the other undertaking may be expressed to be given by way of renewal of the existing undertaking.
Note 1: For acceptance or rejection of the other undertaking, see section 151F.
Note 2: For consultation on a decision to accept or reject the other undertaking, see section 151G.