Competition Act · 2022 Revised Edition · Part · General
69. Co-operation between Commission and foreign competition bodies
Official textFrom Attorney General's Chambers, unchanged
The Commission may, with the approval of the Minister, enter into arrangements with any foreign competition body whereby each party to the arrangements may —
furnish to the other party information in its possession if the information is required by that other party for the purpose of performance by it of any of its functions; and
provide such other assistance to the other party as will facilitate the performance by that other party of any of its functions.
The Commission shall not furnish any information to a foreign competition body pursuant to such arrangements unless it requires of, and obtains from, that body an undertaking in writing by it that it will comply with terms specified in that requirement, including terms that correspond to the provisions of any other written law concerning the disclosure of that information by the Commission.
The Commission may give an undertaking to a foreign competition body that it will comply with terms specified in a requirement made of the Commission by the body to give such an undertaking where —
undertaking
“undertaking” means any person, being an individual, a body corporate, an unincorporated body of persons or any other entity, capable of carrying on commercial or economic activities relating to goods or services.
Competition
those terms correspond to the provisions of any written law in force in the country or territory in which the body is established, being provisions which concern the disclosure by the body of the information referred to in paragraph (b); and
compliance with the requirement is a condition imposed by the body for furnishing information in its possession to the
Commission pursuant to the arrangements referred to in subsection (1).
In this section, “foreign competition body” means a person in whom there are vested functions under any written law of another country or territory with respect to the enforcement or the administration of provisions of written law of that country or territory concerning competition between undertakings (whether in a particular sector of the economy of that country or territory or throughout that economy generally).
Terms defined in s 2
Minister
Defined · s 2“Minister” means the Minister charged with the responsibility for general competition matters;
undertaking
Defined · s 2“undertaking” means any person, being an individual, a body corporate, an unincorporated body of persons or any other entity, capable of carrying on commercial or economic activities relating to goods or services.