25General conditions

25 General conditions (1) A licence is subject to— (a) the conditions imposed from time to time by this Act; and (b) any other condition stated in the licence by ICRC that is not inconsistent with a requirement of, or under, this Act or any other law of the Territory. (2) A licence is subject to the following conditions: (a) that the utility comply with each of the following: (i) any requirement under this Act or a related law; (ii) a requirement under any other law in force in the Territory that applies to the utility in relation to the provision of a utility service; (iii) each industry code that applies to the utility;

(iv) each technical code that applies to the utility; (v) a direction given to it by ICRC under this Act or a related law; (vi) a technical regulator’s direction given under the Utilities (Technical Regulation) Act 2014 that applies to the utility; (b) that the utility maintains the capacity, as determined in accordance with the relevant technical and prudential criteria adopted by ICRC from time to time under section 26— (i) to comply with the licence conditions; and (ii) to operate a viable business as a licensee; (c) that the utility keep all records and documents necessary to enable it to meet any reporting requirement, or any requirement to produce a record or document, under this Act or another condition of its licence; (d) that the utility give ICRC, in accordance with any written requirements by ICRC, an annual report for each financial year in relation to— (i) the exercise of its functions under this Act; and (ii) its compliance with the conditions of the licence.