Originally Posted by
RealSatoshi
Is it unenforceable or against the Act to have, as a condition of the EBA, a paragraph stating that all parties agree that renewal negotiations will commence at EBA Expiry Minus 6 Months and to be concluded by EBA Expiry Plus 0 Days?
As Lead Balloon has pointed out agreements to agree at a future date sit somewhere between unenforceable and entirely impractical. Anyone with even a passing understanding of contract law would understand this.
Originally Posted by
RealSatoshi
- 2 Weeks before EBA Expiry: PIA approval from FWC
- 1st Day after EBA Expiry: New EBA rate implemented or PIA initiated
That stuff is contrary to, or inconsistent with the mechanisms of the Act.