Power Generation Corporation Act 2014

GenCorp's functions are as follows:

(b) to acquire, transport and supply energy sources from which electricity may be generated;

(c) to acquire, develop, operate and supply technologies (including operating software) designed to improve the efficiency of electricity generation plant and equipment;

(d) to provide services that are necessary or expedient for the security or reliability of a power system;

(e) to undertake, maintain and operate any works, system, facilities, apparatus or equipment required in relation to a function mentioned in paragraphs (a) to (d);

(f) to use the fixed assets that it has for the purpose of performing a function mentioned in paragraphs (a) to (d) for other purposes, so long as the proper performance of that function is not affected;

(g) to develop, manufacture and market any product, technology or software or other intellectual property that relates to a function mentioned in paragraphs (a) to (f);

(h) to use its expertise and resources to provide consultative, advisory or other services for profit;

(i) to do anything that GenCorp determines to be conducive or incidental to the performance of a function mentioned in paragraphs (a) to (h);

(j) to perform any other functions conferred on GenCorp under this or any other Act.

Note for section 9

Under section 50 of the Government Owned Corporations Act 2001, GenCorp has, for or in connection with the performance of its functions, all the powers of a natural person including the power to do all other things necessary or convenient to be done for, or in connection with, the performance of its functions.