32Variation of licence

32 Variation of licence (1) The Utilities Commission may vary the terms or conditions of an electricity entity's licence as the Utilities Commission considers appropriate (but not so as to remove a condition that the Utilities Commission is required by this Act to impose on the licence). (2) A variation may only be made: (a) on application by the electricity entity or with the electricity entity's agreement; or (b) after giving the electricity entity reasonable notice of the proposed variation and allowing the entity a reasonable opportunity to make representations about the proposed variation. (3) A variation may only be made if the Utilities Commission considers it necessary to further the objects of this Act. (4) A variation cannot override the procedure for amending a code that applies to the licence as a condition of the licence.