Competition Act · 2022 Revised Edition · Chapter 2
14. Revocation or variation of individual exemption
Official textFrom Attorney General's Chambers, unchanged
If the Minister is satisfied that —
Minister
“Minister” means the Minister charged with the responsibility for general competition matters;
there has been a material change of circumstance since the grant of an individual exemption; or
an obligation has been breached, the Minister may, by order published in the Gazette —
revoke the individual exemption;
vary or remove any condition or obligation; or
impose additional condition or obligation.
Competition
If the Minister is satisfied that —
the information on which the Minister based his decision to grant an individual exemption is false or misleading in a material particular; or
any condition has been breached, the Minister may, by order published in the Gazette, revoke the individual exemption.
Any action taken by the Minister under subsection (1) shall have effect from the date the order is made.
An individual exemption which is revoked —
individual exemption
“individual exemption” has the same meaning assigned to it under section 13(3);
by virtue of subsection (2)(a) shall be void from the date the individual exemption was granted; or
by virtue of subsection (2)(b) shall have effect from the date the condition is breached.
Terms defined in s 2
individual exemption
Defined · s 2“individual exemption” has the same meaning assigned to it under section 13(3);
Minister
Defined · s 2“Minister” means the Minister charged with the responsibility for general competition matters;
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Offences
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Competition Appeal Tribunal
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