A business that is planning an activity that will or may breach competition law can seek an exemption. This gives the business protection from legal action over the conduct.
Notification is a faster and simpler way of gaining an exemption. It removes the risk of legal action for some arrangements that risk breaking competition law.
The ACCC can create a class exemption that covers a certain type of business conduct. Using a class exemption is an alternative to applying for authorisation or lodging a notification.