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Schedule 4—Repeal of subsection 51(3) of the Competition and Consumer Act 2010

Schedule 4 Repeal of subsection 51(3) of the Competition and Consumer Act 2010

   

Competition and Consumer Act 2010

1  Subsection 51(3)

Repeal the subsection.

2  In the appropriate position in Part XIII

Insert:

Division 4 Application of amendment made by the Treasury Laws Amendment (2018 Measures No. 5) Act 2019

186   Application of repeal of subsection 51(3)

             (1)  The amendment made by item 1 of Schedule 4 to the Treasury Laws Amendment (2018 Measures No. 5) Act 2019 applies in relation to a licence granted, an assignment made, or a contract, arrangement or understanding entered into, on or after the commencement of that Schedule.

             (2)  The amendment also applies to a licence granted, an assignment made, or a contract, arrangement or understanding entered into, before the commencement of that Schedule in relation to:

                     (a)  conditions imposed, or provisions included, on or after that commencement; and

                     (b)  conditions imposed, or provisions included, before that commencement.

             (3)  Despite subsections (1) and (2), the amendment does not apply to the extent (if any) to which its operation would result in an acquisition of property (within the meaning of paragraph 51(xxxi) of the Constitution) from a person otherwise than on just terms (within the meaning of that paragraph).

3  Subsection 51(3) of Schedule 1

Repeal the subsection.