Electricity Corporations Act 2005
Electricity Corporations (Competition Laws Authorisation) Regulations 2013
Electricity Corporations (Competition Laws Authorisation) Regulations 2013
CONTENTS
1.Citation1
2.Commencement1
3.Authorisation for purposes of competition laws1
Notes
Compilation table3
Electricity Corporations Act 2005
Electricity Corporations (Competition Laws Authorisation) Regulations 2013
These regulations come into operation as follows —
(a)regulations 1 and 2 — on the day on which these regulations are published in the Gazette;
(b)the rest of the regulations — on 1 July 2013.
3.Authorisation for purposes of competition laws
(1)In this regulation —
corporation means —
(a)the Electricity Generation Corporation; or
(b)the Electricity Retail Corporation;
prescribed direction means a direction under section 111(1) of the Act that requires a corporation, in the performance of its functions —
(a)to have regard to its interests and the other corporation’s interests; and
(b)to act in a way that will maintain or increase the aggregate value of its business and the other corporation’s business, even if to do so would not be in its interests; and
(c)to not make a decision that would be likely to result in a sustained, substantial and avoidable increase in the costs to consumers of delivering electricity services in the South West interconnected system.
(2)For the purposes of the Competition and Consumer Act 2010 (Commonwealth) and the Competition Code, this regulation authorises any arrangement, act, matter or thing made, entered into, engaged in, imposed, carried out, given effect to, or done, by a corporation in order to comply with a prescribed direction given to the corporation.
1This is a compilation of the Electricity Corporations (Competition Laws Authorisation) Regulations 2013. The following table contains information about those regulations.
Citation |
Gazettal |
Commencement |
Electricity Corporations (Competition Laws Authorisation) Regulations 2013 |
28 Jun 2013 p. 2748-9 |
r. 1 and 2: 28 Jun 2013 (see r. 2(a)); |