Commonwealth Consolidated Acts

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Prohibited conduct--electricity financial contract liquidity

                   A corporation contravenes this section if:

                     (a)  any of the following conditions are satisfied:

                              (i)  the corporation generates electricity;

                             (ii)  a body corporate that is related to the corporation generates electricity; and

                     (b)  the corporation does any of the following:

                              (i)  fails to offer electricity financial contracts;

                             (ii)  limits or restricts its offers to enter into electricity financial contracts;

                            (iii)  offers to enter into electricity financial contracts in a way that has, or on terms that have, the effect or likely effect of preventing, limiting or restricting acceptance of those offers; and

                     (c)  the corporation does so for the purpose of substantially lessening competition in any electricity market.

Note:          The Treasurer cannot apply for a divestiture order in respect of a contravention of this section (see paragraph 153ZA(e)).

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