(1) A person may provide an undertaking to the Commission regarding any matter which may be the subject of a voluntary

industry code under this Act or for which this Act makes express provision.

 

(2) An undertaking provided by a person under subsection (1) may—
 

(a) set out the terms and conditions for the undertaking; or

 

(b) adopt the model terms and conditions from a registered voluntary industry code, 

and the undertaking may include the effective date of the undertaking and/or the date of its expiry.