Electricity Reform Act 2000

(1) The Utilities Commission may suspend or cancel a licence with effect from a specified date if satisfied that:

(b) the electricity entity has been guilty of a material contravention of a condition of its licence or any other requirement imposed by or under this Act or any other Act in connection with the operations authorised by its licence; or

(c) the electricity entity has ceased to carry on operations authorised by its licence; or

(d) there has been any act or default or change of circumstances such that the electricity entity would no longer be entitled to be granted its licence; or

(e) in respect of an electricity entity that is an electricity retailer – an insolvency event has occurred.

(2) The suspension of a licence may be for a specified period, or until the fulfilment of specified conditions, or until further order of the Utilities Commission.

(3) Before the Utilities Commission acts under this section, the Utilities Commission must:

(a) notify the electricity entity in writing of the proposed action specifying the reasons for the proposed action; and

(b) allow the electricity entity at least 14 days within which to make submissions to the Utilities Commission in relation to the proposed action.