5Functions and powers of Corporation

5 Functions and powers of Corporation

[Section 5 Substituted by No. 71 of 1997, s. 5, Applied:01 Jul 1998]

(1)  The functions of the Corporation are as follows:

(a) to generate electricity;

(b) to do all things necessary for, or related to, the generation of electricity;

(c) to retail electricity if the Minister approves;

(d) to perform other functions as agreed between the Corporation and the Minister.

(2)  [Section 5 Subsection (2) substituted by No. 36 of 2000, s. 5, Applied:29 Jun 2000] The Corporation has the following powers:

(a) to construct, maintain and operate electricity infrastructure necessary for the generation of electricity;

(b) to do all things necessary or convenient for, or related to, the generation of electricity, including the sale or trade of electricity;

(c) to acquire and trade in, and facilitate the acquisition of and trading in, electricity;

(d) to participate in the National Electricity Market;

(e) to develop, construct, operate and own Basslink and to participate in the development, construction, operation and ownership of Basslink and to use Basslink;

(f) to enter into agreements in respect of the development, construction, operation and ownership of Basslink;

(g) to do all things necessary or convenient for, or related to –

(i) its development, construction, operation and ownership of Basslink and its participation in the development, construction, operation and ownership of Basslink; and

(ii) its participation in the National Electricity Market;

(h) to provide consultancy services in respect of electricity, environmental science, engineering or any other area of expertise in which the Corporation considers it has competence;