153FProhibited conduct—electricity financial contract liquidity

153F Prohibited conduct—electricity financial contract liquidity

A corporation contravenes this section if:

(a) any of the following conditions are satisfied:

(i) the corporation generates electricity;

(ii) a body corporate that is related to the corporation generates electricity; and

(b) the corporation does any of the following:

(i) fails to offer electricity financial contracts;

(ii) limits or restricts its offers to enter into electricity financial contracts;

(iii) offers to enter into electricity financial contracts in a way that has, or on terms that have, the effect or likely effect of preventing, limiting or restricting acceptance of those offers; and

(c) the corporation does so for the purpose of substantially lessening competition in any electricity market.

Note: The Treasurer cannot apply for a divestiture order in respect of a contravention of this section (see paragraph 153ZA(e)).