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StatuteCompetition and Consumer Act 2010

Section 153F — Competition and Consumer Act 2010: Prohibited conduct—electricity financial contract liquidity

Text of the provision Official document

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)).

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.