FAIR TRADING ACT 2010 - SECT 45

FAIR TRADING ACT 2010 - SECT 45

45 .         Regulations prescribing code of practice

        (1)         The regulations may prescribe a code of practice that —

            (a)         has been submitted to the Minister in accordance with section 44; and

            (b)         has been approved by the Minister with or without amendments.

        (2)         Regulations prescribing a code of practice must provide that the regulations expire on a date specified in the regulations, which must be a date that is not later than the last day of the period of 3 years after the date on which the code of practice first takes effect.

        (3)         Regulations prescribing a code of practice may be amended to remove the expiry date of the regulations if —

            (a)         the Commissioner undertakes a review of the code of practice before the regulations expire; and

            (b)         in undertaking the review, the Commissioner follows the consultation procedures set out in section 44.