(1) If ICRC is satisfied that it is necessary or convenient to do so in relation to the exercise of its functions under the ICRC Act
, part 3, 4, 4A or 4B, ICRC may give a written direction to a utility about the keeping of accounts and records in relation to the utility's functions under this Act.
Note For how documents may be given, see the Legislation Act
, pt 19.5.
(2) A direction may require the utility, for example, to do 1 or more of the following:
(a) to set up and maintain separate accounts for a stated activity;
(b) to set up and maintain a consolidated set of accounts for a stated activity;
(c) to apportion costs shared between different activities in a stated way;
(d) to deal with information about its functions under this Act in a stated way;
(e) to keep records of a stated class;
(f) to maintain accounts or records in a stated way.