Authority to have regard to certain matters
26 Authority to have regard to certain matters
In performing its functions, other than the functions described in section 25(c) and (d), the Authority must have regard to —
the need to promote regulatory outcomes that are in the public interest;
the long‑term interests of consumers in relation to the price, quality and reliability of goods and services provided in relevant markets;
the need to encourage investment in relevant markets;
the legitimate business interests of investors and service providers in relevant markets;
the need to promote competitive and fair market conduct;
the need to prevent abuse of monopoly or market power;
the need to promote transparent decision‑making processes that involve public consultation.
The Authority has a discretion as to the weight it gives to each of the matters referred to in subsection (1) in the performance of a particular function.
Nothing in subsection (1) limits a provision of another written law that requires the Authority, in performing a particular function, to have regard to, or take into account, particular objectives, considerations or other matters.
If there is any conflict or inconsistency between subsection (1) and a provision described in subsection (3), the latter provision prevails to the extent of the conflict or inconsistency.
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