Section 6: Cancellation, etc., of individual exemptions
The Competition Act, 2010 · Excise/Taxation Laws · in_force
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6. Cancellation, etc., of individual exemptions.__ (1) If the Commission has reasonable grounds for believing that there has been a material change of circumstances since it granted an individual exemption, it may by notice in writing__ (a) cancel the exemption; (b) vary or remove any condition or obligation; or (c) impose one or more additional conditions or obligations. (2) If the Commission has reasonable suspicion that the information on which it based its decision to grant an individual exemption was incomplete, false or misleading in a material particular, the Commission may by notice in writing take any of the steps mentioned in sub-section (1). (3) Breach of a condition has the effect of cancelling the exemption. (4) Failure to comply with an obligation allows the Commission, by notice in writing to take any of the steps mentioned in sub-section (1). (5) The Commission may act under this section on its own initiative or on complaint made by any person.
Effective date: 2010-01-01
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Version competition-act-2010~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.