Section 153G — Competition and Consumer Act 2010: Prohibited conduct—electricity spot market (basic case)

A corporation contravenes this section if: (a) the corporation: (i) bids or offers to supply electricity in relation to an electricity spot market; or (ii) fails to bid or offer to supply electricity in relation to an electricity spot market; and (b) the corporation does so: (i) fraudulently, dishonestly or in bad faith; or (ii) for the purpose of distorting or manipulating prices in that electricity spot market. Note 1: The Treasurer cannot make a contracting order in respect of a contravention of this section (see paragraph 153W(e)). Note 2: The Treasurer cannot apply for a divestiture order in respect of a contravention of this section (see paragraph 153ZA(e)).