[F179A Variation of undertakings.U.K.
(1)An undertaking given under section 78 or 79 above may be varied from time to time by agreement between the Board and the person bound by the undertaking.
(2)Where [F2the tribunal] is satisfied that—
(a)the Board have made a proposal for the variation of such an undertaking to the person bound by the undertaking,
(b)that person has failed to agree to the proposed variation within six months after the date on which the proposal was made, and
(c)it is just and reasonable, in all the circumstances, to require the proposed variation to be made,
[F3the tribunal may direct that the undertaking is to have effect from a specified date] as if the proposed variation had been agreed to by the person bound by the undertaking.
(3)The date specified by the [F4tribunal] must not be less than sixty days after the date of [F5the tribunal's direction].
(4)A direction under this section shall not take effect if, before the date specified by the [F6tribunal], a variation different from that to which the direction relates is agreed between the Board and the person bound by the undertaking.]
Textual Amendments
F1S. 79A inserted (31.7.1998 with effect as mentioned in Sch. 25 para. 8(4) of the amending Act) by 1998 c. 36, s. 142, Sch. 25 para. 8(2)
F2Words in s. 79A(2) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 3(1), Sch. 1 para. 111(2)(a)
F3Words in s. 79A(2) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 3(1), Sch. 1 para. 111(2)(b)
F4Word in s. 79A(3) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 3(1), Sch. 1 para. 111(3)(a)
F5Words in s. 79A(3) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 3(1), Sch. 1 para. 111(3)(b)
F6Word in s. 79A(4) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 3(1), Sch. 1 para. 111(4)