POWER RETAIL CORPORATION ACT 2014

NORTHERN TERRITORY OF AUSTRALIA POWER RETAIL CORPORATION ACT 2014 As in force at 10 February 2026 Table of provisions Part 1 Preliminary matters 1 Short title ......................................................................................... 1 2 Commencement .............................................................................. 1 3 Definitions ........................................................................................ 1 4 Act binds Crown .............................................................................. 1 Part 2 Power Retail Corporation 5 Retail Corp established ................................................................... 1 6 Government owned corporation ...................................................... 2 7 Status as Agency............................................................................. 2 8 Matters relating to Public Sector Employment and Management Act 1993 .................................................................... 2 Part 3 Functions of RetailCorp 9 Functions ......................................................................................... 2 Part 4 Miscellaneous matters 13 Exemption from local government rates etc..................................... 3 14 Protection of employees from personal liability................................ 4 15 Authentication of documents ........................................................... 4 16 Money due to Corporation ............................................................... 4 17 Regulations...................................................................................... 4 Schedule Modifications of Public Sector Employment and Management Act 1993 in relation to RetailCorp 1 Sections 22 and 23 modified ........................................................... 5 2 Section 24 modified ......................................................................... 5 3 Sections 27 and 28 modified ........................................................... 6 ENDNOTES -- 1 of 10 -- -- 2 of 10 -- NORTHERN TERRITORY OF AUSTRALIA ____________________ As in force at 10 February 2026 ____________________ POWER RETAIL CORPORTION ACT 2014 An Act to establish the Power Retail Corporation and for related purposes Part 1 Preliminary matters 1 Short title This Act may be cited as the Power Retail Corporation Act 2014. 2 Commencement This Act commences on the day fixed by the Administrator by Gazette notice. 3 Definitions In this Act: CEO means the person appointed under section 16 of the Government Owned Corporations Act 2001 to be the chief executive officer of RetailCorp. RetailCorp means the Power Retail Corporation established by section 5. 4 Act binds Crown This Act binds the Crown in right of the Territory and, to the extent the legislative power of the Legislative Assembly permits, the Crown in all its other capacities. Part 2 Power Retail Corporation 5 Retail Corp established The Power Retail Corporation is established. -- 3 of 10 -- Part 3 Functions of RetailCorp Power Retail Corporation Act 2014 2 6 Government owned corporation RetailCorp is declared to be a Government owned corporation for the purposes of the Government Owned Corporations Act 2001. 7 Status as Agency (1) RetailCorp: (a) is an Agency for the purposes of the Public Sector Employment and Management Act 1993; and (b) is not an Agency for the purposes of any other Act. (2) An Administrative Arrangements Order cannot be made that nominates RetailCorp as an Agency. 8 Matters relating to Public Sector Employment and Management Act 1993 (1) The CEO is the Chief Executive Officer of RetailCorp for the purposes of the Public Sector Employment and Management Act 1993. (2) The Public Sector Employment and Management Act 1993 applies in relation to RetailCorp as if it had been amended as set out in the Schedule. Part 3 Functions of RetailCorp 9 Functions RetailCorp's functions are as follows: (a) to supply electricity to consumers; (b) to purchase or otherwise acquire electricity for the purposes of paragraph (a); (c) to supply services designed to improve the efficiency of electricity supply and the management of demand for electricity; (d) to generate electricity; (e) to provide services that are necessary or expedient for the security or reliability of a power system; -- 4 of 10 -- Part 4 Miscellaneous matters Power Retail Corporation Act 2014 3 (f) to undertake, maintain and operate any works, system, facilities, apparatus or equipment required in relation to a function mentioned in paragraphs (a) to (e); (g) to use the fixed assets that it has for the purpose of performing a function mentioned in paragraphs (a) to (e) for other purposes, so long as the proper performance of that function is not affected; (h) to develop, manufacture and market any product, technology or software or other intellectual property that relates to a function mentioned in paragraphs (a) to (g); (i) to use its expertise and resources to provide consultative, advisory or other services for profit; (j) to do anything that RetailCorp determines to be conducive or incidental to the performance of a function mentioned in paragraphs (a) to (i); (k) to perform any other functions conferred on RetailCorp under this or any other Act. Note for section 9 Under section 50 of the Government Owned Corporations Act 2001, RetailCorp has, for or in connection with the performance of its functions, all the powers of a natural person including the power to do all other things necessary or convenient to be done for, or in connection with, the performance of its functions. Part 4 Miscellaneous matters 13 Exemption from local government rates etc. (1) RetailCorp land is exempt from local government rates. (2) Subsection (1) does not apply in relation to charges for works carried out or goods or services provided by a local government council in relation to RetailCorp land. (3) If RetailCorp land is leased to another person: (a) subsection (1) does not apply in relation to local government rates in relation to the land for the period for which it is leased; and (b) any local government rates in relation to the land for that period: (i) are not payable by RetailCorp; and -- 5 of 10 -- Part 4 Miscellaneous matters Power Retail Corporation Act 2014 4 (ii) are payable instead by the lessee. (4) In this section: local government rates means any rates, charges or taxes under the Local Government Act 2019. RetailCorp land means land owned by or under the care, control and management of RetailCorp. 14 Protection of employees from personal liability An employee or agent of RetailCorp is not personally liable for any act or default of that person or RetailCorp done or omitted to be done in good faith in the course of the operations of RetailCorp or for the purposes of this Act. 15 Authentication of documents A document requiring authentication by RetailCorp is sufficiently authenticated without the seal of RetailCorp if signed by a person authorised to do so by RetailCorp's board 16 Money due to Corporation Any money due to RetailCorp under this Act may be recovered by RetailCorp as a debt. 17 Regulations The Administrator may make regulations under this Act. -- 6 of 10 -- Schedule Modifications of Public Sector Employment and Management Act 1993 in relation to RetailCorp Power Retail Corporation Act 2014 5 Schedule Modifications of Public Sector Employment and Management Act 1993 in relation to RetailCorp section 8(2) 1 Sections 22 and 23 modified Sections 22 and 23 repeal 2 Section 24 modified (1) Section 24(1) omit, insert (1) The functions of the Chief Executive Officer of the Power Retail Corporation under this Act are to employ and manage employees in accordance with this Act for the purpose of enabling the Corporation to perform its functions. Note for subsection (1) In the exercise of his or her functions, the Chief Executive Officer is subject to the direction of the Board of the Power Retail Corporation (see section 16(5) of the Government Owned Corporations Act 2001). (2) Section 24(2)(a) omit (3) Section 24(2)(b) omit, insert (b) upholds the human resource management principle and performance and conduct principle; and (4) Section 24(3)(b) and (h) omit (5) Section 24(4) omit or any other Act. -- 7 of 10 -- Schedule Modifications of Public Sector Employment and Management Act 1993 in relation to RetailCorp Power Retail Corporation Act 2014 6 insert Act in relation to employees. 3 Sections 27 and 28 modified Sections 27 and 28 repeal -- 8 of 10 -- ENDNOTES Power Retail Corporation Act 2014 7 ENDNOTES 1 KEY Key to abbreviations amd = amended od = order app = appendix om = omitted bl = by-law pt = Part ch = Chapter r = regulation/rule cl = clause rem = remainder div = Division renum = renumbered exp = expires/expired rep = repealed f = forms s = section Gaz = Gazette sch = Schedule hdg = heading sdiv = Subdivision ins = inserted SL = Subordinate Legislation lt = long title sub = substituted nc = not commenced 2 LIST OF LEGISLATION Power Retail Corporation Act 2014 (Act No. 15, 2014) Assent date 15 May 2014 Commenced 29 May 2014 (Gaz S29, 29 May 2014, p 2) Local Government Act 2019 (Act No. 39, 2019) Assent date 13 December 2019 Commenced pt 8.6: 1 July 2022; rem: 1 July 2021 (Gaz S27, 30 June 2021) Amending Legislation Statute Law Revision Act 2020 (Act No. 26, 2020) Assent date 19 November 2020 Commenced 20 November 2020 (s 2) Local Government Amendment Act 2021 (Act No. 15, 2021) Assent date 25 May 2021 Commenced 26 May 2021 (s 2) Interpretation Amendment Act 2021 (Act No. 28, 2021) Assent date 15 December 2021 Commenced 1 January 2022 (s 2) Statute Law Revision and Repeals Act 2026 (Act No. 3, 2026) Assent date 9 February 2026 Commenced 10 February 2026 (s 2) -- 9 of 10 -- ENDNOTES Power Retail Corporation Act 2014 8 3 GENERAL AMENDMENTS General amendments of a formal nature (which are not referred to in the table of amendments to this reprint) are made by the Interpretation Legislation Amendment Act 2018 (Act No. 22 of 2018) to: ss 3, 6, 7, 8, 9 12 and 13 and sch. 4 LIST OF AMENDMENTS s 9 amd No. 3, 2026, s 51 ss 10 – 11 rep No. 3, 2026, s 52 s 12 amd No. 28, 2021, s 20 rep No. 3, 2026, s 52 s 13 amd No. 39, 2019, s 370 -- 10 of 10 --