Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPETITION AND CONSUMER ACT 2010 - SECT 153A

Simplified outline of this Part

This Part deals with prohibited conduct by corporations in relation to electricity. It ceases to be in force on 1 January 2026.

Division 2 of this Part sets out the circumstances in which a corporation engages in prohibited conduct .

Responses to a corporation engaging in prohibited conduct include the following:

       (a)     the Commission may issue a public warning notice;

      (b)     the Commission may give the corporation an infringement notice;

       (c)     the Commission may give the corporation a prohibited conduct notice that sets out proposed orders (and the Commission may later give the Treasurer a prohibited conduct recommendation that recommends orders);

      (d)     if the Commission has given the Treasurer a prohibited conduct recommendation, the Treasurer may:

                (i) make a contracting order that requires making offers to enter into electricity financial contracts; and

                (ii) apply to the Court for a divestiture order that requires divestment of interests in assets and securities.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback