36Suspension or cancellation of licence

36 Suspension or cancellation of licence (1) The Utilities Commission may suspend or cancel a licence with effect from a specified date if satisfied that: (a) the electricity entity obtained its licence improperly; or (b) the electricity entity has been guilty of a material contravention of a condition of its licence or any other requirement imposed by or under this Act or any other Act in connection with the operations authorised by its licence; or (c) the electricity entity has ceased to carry on operations authorised by its licence; or (d) there has been any act or default or change of circumstances such that the electricity entity would no longer be entitled to be granted its licence; or (e) in respect of an electricity entity that is an electricity retailer – an insolvency event has occurred. (2) The suspension of a licence may be for a specified period, or until the fulfilment of specified conditions, or until further order of the Utilities Commission.

Electricity Reform Act 2000 22 (3) Before the Utilities Commission acts under this section, the Utilities Commission must: (a) notify the electricity entity in writing of the proposed action specifying the reasons for the proposed action; and (b) allow the electricity entity at least 14 days within which to make submissions to the Utilities Commission in relation to the proposed action.