7Functions

7 Functions

7 Functions

(1) A Corporation is to provide effective stewardship and oversight of the part of the retained interest for which it is responsible for the purpose of protecting the value to the State of that part of the retained interest and seeking to maximise returns to the State from that part of the retained interest.

(2) A Corporation may do all things necessary or convenient to be done for or in connection with the exercise of its functions.

(3) A Corporation has power to invest money in connection with the exercise of its functions, including by investing in the business of a transacted distribution system or transacted transmission system.

Note—

Investment by a Corporation is subject to Part 6 of the Government Sector Finance Act 2018.

(4) The functions of a Corporation may be exercised by the Corporation itself or by a subsidiary of the Corporation.

s 7: Am 2018 No 70, Sch 3.18 [1].