s 26C Power to issue code of practice relating to control of designated postal licensee
26C.—(1) Without limiting section 24, the Postal Authority may issue a code of practice under that section which specifies such matters as are generally necessary for carrying out the purposes and provisions of this Part and for the due administration thereof.[34/2007] (2) Without limiting subsection (1), the Postal Authority may specify in the code of practice —(a) the circumstances under which a person would be considered to have entered into a consolidation with a designated postal licensee; (b) the categories of persons that must obtain the prior written approval of the Postal Authority for —(i) any consolidation with a designated postal licensee; or (ii) an acquisition of the business of a designated postal licensee or part thereof; (c) the duties and obligations of a designated postal licensee and a person acquiring the business or part thereof as a going concern, holding any voting shares or controlling the voting power of a designated postal licensee; (d) the rules and procedures that a designated postal licensee and a person acquiring the business or part thereof as a going concern, holding any voting shares or controlling the voting power of a designated postal licensee must comply with; and (e) the terms and conditions which the Postal Authority may impose in granting any written approval under section 26B.[34/2007]