153GProhibited conduct—electricity spot market (basic case)

153G Prohibited conduct—electricity spot market (basic case)

A corporation contravenes this section if:

(a) the corporation:

(i) bids or offers to supply electricity in relation to an electricity spot market; or

(ii) fails to bid or offer to supply electricity in relation to an electricity spot market; and

(b) the corporation does so:

(i) fraudulently, dishonestly or in bad faith; or

(ii) for the purpose of distorting or manipulating prices in that electricity spot market.

Note 1: The Treasurer cannot make a contracting order in respect of a contravention of this section (see paragraph 153W(e)).

Note 2: The Treasurer cannot apply for a divestiture order in respect of a contravention of this section (see paragraph 153ZA(e)).