26Directions

26 Directions

(1) The Treasurer and the Minister, acting jointly, may, from time to time, by written notice to the board of an electricity corporation, give such directions to the board as the Treasurer or Minister think fit.

(2) The board of an electricity corporation must comply with a direction given under this section but an act or decision of the board is not invalid merely because of a failure to comply with such a direction.

(3) Each electricity corporation must include in its annual report under Part 7 of the Financial Management Act 1994 a copy of each direction given to it under this section together with a statement of its response to the direction.

S. 26(4) substituted by No. 56/1995 s. 8(1), amended by Nos 35/1997 s. 19(b), 36/1999 s. 19(b), repealed by No. 11/2024 s. 29.

S. 27 amended by Nos 53/1994 s. 10(1)(2), 110/1994 ss 8(a), 33(2), 35/1997 s. 19(c), repealed by No. 69/2000 s. 6.