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StatuteCompetition and Consumer Act 2010

Section 153W — Competition and Consumer Act 2010: Conditions for making contracting order

Text of the provision Official document

The Treasurer may make an order under section 153X in respect of a body corporate if the Treasurer is satisfied that the following conditions are met: (a) the Commission has given the Treasurer a prohibited conduct recommendation under section 153S; (b) the body corporate is identified in the recommendation (in accordance with subparagraph 153S(2)(c)(i) or (iii)); (c) the order is made no later than 45 days after: (i) unless subparagraph (ii) applies—the day on which the Commission gave the Treasurer the recommendation; or (ii) if there has been a variation of the recommendation under section 153T—the day on which the Commission made the variation; (d) the order is of a kind stated in the recommendation (in accordance with paragraph 153S(2)(d)); (e) the conduct identified in the recommendation (in accordance with subparagraph 153S(2)(c)(ii)): (i) is prohibited conduct engaged in by the corporation identified in the recommendation (in accordance with subparagraph 153S(2)(c)(i)) (the relevant corporation); and (ii) is, or includes, prohibited conduct under section 153F (electricity financial contract liquidity) or section 153H (electricity spot market (aggravated case)); (f) the order is a proportionate means of preventing the relevant corporation, or any related body corporate, from engaging in that kind of prohibited conduct in the future; (g) any of the following generate electricity: (i) the body corporate; (ii) another body corporate that is related to the body corporate.

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.