30Licence conditions – licence authorising system control

30 Licence conditions – licence authorising system control (1) The Utilities Commission may, on granting a licence authorising system control over a power system, make the licence subject to conditions determined by the Utilities Commission: (a) if the electricity entity is a related body corporate in relation to an electricity entity granted a licence authorising the generation of electricity – requiring the business of system control authorised by the licence to be kept separate from the business of generating electricity to the extent specified in the conditions; (b) requiring the electricity entity to maintain specified accounting records and to prepare accounts according to specified principles; (c) requiring the functions and powers of the system controller to be exercised in the best interests of all parties operating in the power system; and (d) requiring the system controller to consult with all electricity entities involved in the operation of the power system when establishing and varying the operating protocols and arrangements for dispatch and system security. terms or conditions of a licence authorising system control over a power system.