Commonwealth Consolidated Acts

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COMPETITION AND CONSUMER ACT 2010 - SECT 153U

No Treasurer action notice

  (1)   The Commission must give the Treasurer a notice in writing (a no Treasurer action notice ) in respect of the prohibited conduct notice mentioned in section   153R if the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.

  (2)   The notice must:

  (a)   be expressed to be given under this section; and

  (b)   state the day on which the notice is given; and

  (c)   explain the reasons why the Commission considers that it is not appropriate to give the Treasurer a prohibited conduct recommendation in respect of the prohibited conduct notice.

  (3)   The Commission must give a copy of the notice to the corporation:

  (a)   unless paragraph   (b) applies--45 days after issuing it; or

  (b)   if the Commission and the Treasurer agree that it is appropriate to give a copy of the notice to the corporation at an earlier time--at that earlier time.

  (4)   A no Treasurer action notice is not a legislative instrument.



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