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Wednesday, 24 July 1974

Mr ENDERBY (Canberra) (Minister for Manufacturing Industry) - The Government opposes the amendment for the reasons I have given.

Amendment negatived.

Clause agreed to.

Clause 91 agreed to.

Clauses 92 and 93 - by leave - taken together.

Clause 92.

(2)   Where a corporation so gives notice to the Commission, the Commission may at any time give notice in writing to the corporation stating that the Commission considers that any restraint of trade or commerce that results from the contract, arrangement or understanding or would result from the proposed contract, arrangement or understanding, has or would have such a slight effect on competition as to be insignificant, and, if the Commission gives such a notice, the contract, arrangement or understanding shall be deemed not to be in restraint of trade or commerce for the purposes of this Act.

Clause 93.

(2)   Where a corporation so gives notice to the Commission, the Commission may at any time give notice in writing to the corporation stating that the Commission considers that the engaging by the corporation in the proposed conduct would be likely to have the effect of substantially lessening competition in a market for goods or services.

(4)   Where-

(a)   a corporation has given a notice to the Commission under sub-section (1) in relation to proposed conduct; and

(b)   the Commission has given notice in writing to the corporation stating that the Commission considers that the engaging by the corporation in the proposed conduct would be likely to have the effect of substantially lessening competition in a market for goods or services,

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