51Functions of Electricity Assets Ministerial Holding Corporation

#### 51 Functions of Electricity Assets Ministerial Holding Corporation 51 Functions of Electricity Assets Ministerial Holding Corporation > > (1) The functions of the Electricity Assets Ministerial Holding Corporation include— > > > > > (a) to hold, on behalf of the Crown, electricity network assets acquired by it or transferred to it, and > > > > > (b) to carry on any activities or business that relate to any electricity network 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 under this Act as may be prescribed by the regulations. > > > (2) There is to be established in the Special Deposits Account a fund called the Electricity Assets Ministerial Holding Corporation Fund (the EAMHC Fund), which is to be administered by the Treasurer. > > > (3) There is payable into the EAMHC Fund— > > > > > (a) all money received by the Corporation in the exercise of its functions under this or any other Act, and > > > > > (b) all money standing to the credit of any working account established for the Corporation under section 13A of the [Public Finance and Audit Act 1983](/view/html/inforce/current/act-1983-152) on the commencement of this section. > > > (4) There is payable from the EAMHC Fund such amounts as the Treasurer directs from time to time for— > > > > > (a) payment of expenditure by the Corporation in the exercise of its functions under this or any other Act, or > > > > > (b) payment of expenses incurred in relation to the administration of the EAMHC Fund, or > > > > > (c) payment to the Consolidated Fund. > > > (5) The Treasurer may invest money in the EAMHC Fund in any way that the Treasurer considers appropriate. > > **s 51:** Am 2018 No 70, Sch 3.17 \[3\].