49Directions about accounts and records

49 Directions about accounts and records (1) If ICRC is satisfied that it is necessary or convenient to do so in relation to the exercise of its functions under the ICRC Act, part 3, 4, 4A or 4B, ICRC may give a written direction to a utility about the keeping of accounts and records in relation to the utility’s functions under this Act. (2) A direction may require the utility, for example, to do 1 or more of the following: (a) to set up and maintain separate accounts for a stated activity; (b) to set up and maintain a consolidated set of accounts for a stated activity; (c) to apportion costs shared between different activities in a stated way;

(d) to deal with information about its functions under this Act in a stated way; (e) to keep records of a stated class; (f) to maintain accounts or records in a stated way.