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COMPETITION AND CONSUMER ACT 2010 - SECT 153ZA

Treasurer may apply to Federal Court for divestiture order

                   The Treasurer may apply to the Court for an order under subsection 153ZB(2) or (3) in respect of a body corporate if the Treasurer is satisfied that the following conditions are met:

                     (a)  the Commission has given the Treasurer a prohibited conduct recommendation under section 153S;

                     (b)  the body corporate is identified in the recommendation (in accordance with subparagraph 153S(2)(c)(i) or (iii));

                     (c)  the application is made no later than 45 days after:

                              (i)  unless subparagraph (ii) applies--the day on which the Commission gave the Treasurer the recommendation; or

                             (ii)  if there has been a variation of the recommendation under section 153T--the day on which the Commission made the variation;

                     (d)  the order applied for is of a kind stated in the recommendation (in accordance with paragraph 153S(2)(d));

                     (e)  the conduct identified in the recommendation (in accordance with subparagraph 153S(2)(c)(ii)):

                              (i)  is prohibited conduct engaged in by the corporation identified in the recommendation (in accordance with subparagraph 153S(2)(c)(i)) (the relevant corporation ); and

                             (ii)  is, or includes, prohibited conduct under section 153H (electricity spot market (aggravated case));

                      (f)  the order applied for is a proportionate means of preventing the relevant corporation, or any related body corporate, from engaging in that kind of prohibited conduct in the future;

                     (g)  the following conditions are satisfied:

                              (i)  the order applied for will result, or is likely to result, in a benefit to the public;

                             (ii)  if the order applied for will result, or is likely to result, in a detriment to the public--the benefit mentioned in subparagraph (i) would, or is likely to, outweigh that detriment.



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