16CConferral of transmission pricing functions and powers

16C Conferral of transmission pricing functions and powers

[Section 16C of Part 2 Inserted by No. 16 of 2003, s. 9, Applied:09 May 2003]

(1)  [Section 16C Subsection (1) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] On the taking effect of a notice referred to in section 16B in respect of the conferral on the AER of a function or power of the Regulator, that function or power –

(a) [Section 16C Subsection (1) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] is conferred on the AER; and

(b) [Section 16C Subsection (1) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] at the discretion of the AER, may be performed or exercised by the AER.

(2)  [Section 16C Subsection (2) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] The AER may do all things necessary or convenient to be done in connection with, or incidental to, the performance or exercise of a function or power conferred on it by subsection (1) .

(3)  [Section 16C Subsection (3) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] A function or power conferred on the AER by subsection (1) may be performed or exercised by the Regulator.

(4)  [Section 16C Subsection (4) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] Despite subsection (3) , the Regulator may not perform or exercise a function or power conferred on the AER by subsection (1) in relation to any matter if –

(a) [Section 16C Subsection (4) amended by No. 78 of 2005, s. 11, Applied:15 Dec 2005] the AER is performing or exercising that function or power in respect of that matter; or