(2)   An undertaking provided by a person under subsection (1) may ----

                   (a)   set out the terms and conditions for the undertaking; or

                   (b)   adopt the model terms and conditions from a registered voluntary
                           industry code.

and the undertaking may include the effective date of the undertaking and/or the date of its expiry. 

111.   (1)   An undertaking provided under this Chapter shall only be valid and enforceable upon its registration.

           (2)   A person may submit a written application to the Commission to have an undertaking registered by the Commission.

           (3)   The Commission shall register an undertaking if it is satisfied that the undertaking ----

                  (a)   is consistent with the objects of this Act;

                  (b)   is consistent with any instrument made under this Act;

                  (c)   is consistent with any relevant provisions in this Act; and

                  (d)   will expire within three years from the date of the application to 
                         register the undertaking.

          (4)   Notwithstanding subsection (3), the Commission shall register an undertaking if the undertaking -----

                  (a)   solely adopts model terms and conditions from a registered 
                          voluntary industry code; and

                  (b)   will expire within three years from the date of the application to 
                         register the undertaking.

          (5)   The Commission shall either register or refuse to register any other undertaking and shall notify the person providing the undertaking of its decision in writing within thirty days from the date of receipt of the undertaking.