153ASimplified outline of this Part

153A Simplified outline of this Part

This Part deals with prohibited conduct by corporations in relation to electricity. It ceases to be in force on 1 January 2031.

Division 2 of this Part sets out the circumstances in which a corporation engages in prohibited conduct.

Responses to a corporation engaging in prohibited conduct include the following:

(a) the Commission may issue a public warning notice;

(b) the Commission may give the corporation an infringement notice;

(c) the Commission may give the corporation a prohibited conduct notice that sets out proposed orders (and the Commission may later give the Treasurer a prohibited conduct recommendation that recommends orders);

(d) if the Commission has given the Treasurer a prohibited conduct recommendation, the Treasurer may:

(i) make a contracting order that requires making offers to enter into electricity financial contracts; and

(ii) apply to the Court for a divestiture order that requires divestment of interests in assets and securities.