New Zealand Acts

COMMERCE ACT 1986 - SECT 69AB

69AB Authorisation or clearance void if undertaking contravened

1 If a person contravenes an undertaking accepted under section 69A , the clearance given or the authorisation granted in relation to the acquisition to which the undertaking relates is void and of no effect from the date it was given or granted.

2 Subsection (1) does not prevent the court from making an order under sections 85A to 85C in relation to the undertaking.

History: Section 69AB: inserted, on 14 October 2008 (applying only to undertakings under section 69A that are accepted in relation to clearances given or authorisations granted on notices under section 66 or 67 that are registered after that date), by section 7(1) of the Commerce Amendment Act 2008 (2008 No 70).