(1) A national broadcaster must not enter into a contract under which the national broadcaster:
(a) acquires; or
(b) will be entitled to acquire (whether on the fulfilment of a condition or otherwise);
rights to televise live the whole, or a substantial proportion, of a designated event, or of a designated series of events, unless the contract authorises the national broadcaster to make an offer of the kind referred to in section 146L.
(2) A contract entered into in contravention of subsection (1) is void.