5Functions and powers of Corporation

### 5 Functions and powers of Corporation > [*\[Section 5 Substituted by No. 71 of 1997, s. 5, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS5@EN) > > > (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)  [*\[Section 5 Subsection (2) substituted by No. 36 of 2000, s. 5, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS5@EN) 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; > > > > > > > (i) to carry out investigations, research and development. > > > (3)  [*\[Section 5 Subsection (3) amended by No. 18 of 2025, s. 25, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS25@EN) [*\[Section 5 Subsection (3) inserted by No. 36 of 2000, s. 5, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS5@EN) Without limiting its powers under [subsection (2)(b)](#GS5@Gs2@Hpb@EN) , [(c)](#GS5@Gs2@Hpc@EN) and [(g)](#GS5@Gs2@Hpg@EN) , the Corporation under that subsection may, in accordance with any relevant Treasurer's Instructions issued under the [Government Business Enterprises Act 1995](/view/html/inforce/2026-04-12/act-1995-022) or directions given by the Minister and the Treasurer, jointly, under that Act, enter into trading and financial arrangements that concern, or are in the nature of, derivatives or electricity generated from renewable or other energy sources.