153F

Prohibited conduct—electricity financial contract liquidity

In force

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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