Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to an offer by a national broadcaster to transfer to the other national broadcaster the right to televise live:
(a) the whole or a part of a particular designated event; or
(b) the whole or a part of a particular designated series of events.
(2) The offer must be in writing.
(3) The offer must be given to the Managing Director of the other national broadcaster.
(4) The offer must be open for acceptance by the other national broadcaster throughout the period:
(a) beginning when the offer is given to the Managing Director of the other national broadcaster; and
(b) ending immediately before the start of the event or series.
(5) The period referred to in subsection (4) must not be shorter than 7 days.
(6) The offer must require that the consideration to be given by the other national broadcaster is to consist of a promise to pay $1, if and when demanded by the national broadcaster who made the offer.