(1) An undertaking takes effect—
(a) when the promisee gives notice of the decision to accept the undertaking to the person who made the undertaking; or
(b) at a later time stated in the notice.
(2) While the undertaking is in effect, the person must comply with the undertaking.
Maximum penalty—$10000.
(3) If the person complies with the undertaking, no proceeding for the contravention or alleged contravention may be taken against the person.
(4) The offer to make, or the making of, an undertaking is not an admission of guilt by the person offering to make, or making, the undertaking.