Section 53ZB — Competition and Consumer Act 2010: Conferral of powers and functions

(1) A gas market instrument may confer on a person or body a power to do, or a function of doing, any of the following: (a) monitoring compliance with a gas market instrument; (b) conducting investigations in relation to a gas market matter; (c) providing exemptions from: (i) a gas market instrument; or (ii) a specified provision of a gas market instrument; or (iii) a specified rule included in a gas market instrument; (d) reviewing, or reporting on: (i) the operation, application or administration of a gas market instrument; or (ii) activities under, or in relation to, a gas market instrument; (e) reviewing a decision made under a gas market instrument, or in the exercise or performance of a power or function conferred by a gas market instrument. (2) A gas market code may confer on a person or body any of the following powers or functions: (a) a power to determine, or a function of determining, any matter that may be dealt with by a gas market code; (b) a power or function relating to the operation, application or administration of a gas market code. (3) A gas market emergency price order may confer on a person or body any of the following powers or functions: (a) a power to determine, or a function or determining, any matter that may be dealt with by a gas market emergency price order; (b) a power or function relating to the operation, application or administration of a gas market emergency price order. (4) If a gas market code confers on a person or body a power or function, a gas market code: (a) may provide that the power is to be exercised, or the function performed, by legislative instrument, notifiable instrument or another kind of written instrument; and (b) may provide for the person or body to delegate the power or function. Note: For limitations relating to a power to make a legislative instrument, see section 53ZI. (5) If a gas market emergency price order confers on a person or body a power or function, a gas market instrument: (a) may provide that the power is to be exercised, or the function performed, by legislative instrument, notifiable instrument or another kind of written instrument; and (b) may provide for the person or body to delegate the power or function. Note: For limitations relating to a power to make a legislative instrument, see section 53ZI.