12Establishment of Electricity Assets Ministerial Holding Corporation

#### 12 Establishment of Electricity Assets Ministerial Holding Corporation 12 Establishment of Electricity Assets Ministerial Holding Corporation > > (1) There is constituted by this Act a corporation with the corporate name of the Electricity Assets Ministerial Holding Corporation. > > > (2) The affairs of the Corporation are to be managed by the Treasurer who may authorise another Minister to exercise functions in relation to particular assets, rights and liabilities. > > > (3) Any act, matter or thing done in the name of, or on behalf of, the Corporation by the Treasurer or a Minister authorised by the Treasurer, or with the authority of the Treasurer or any such Minister, is taken to have been done by the Corporation. > > > (4) The Corporation has the functions conferred or imposed on it by or under this or any other Act. > > > (5) The functions of the Corporation are— > > > > > (a) to hold, on behalf of the Crown, electricity generator assets acquired by it or transferred to it by or under this or any other Act, and > > > > > (b) to carry on any activities or business that relate to any electricity generator assets held by it, including demanding, collecting and receiving charges, levies, rates and fees, and > > > > > (c) such other functions for the purposes of an authorised transaction as may be prescribed by the regulations.