14. Enforcement

If the Authority is satisfied that an electricity licensee is contravening, or is likely to contravene or has contravened any condition of its electricity licence, any code of practice or other standard of performance applicable to the licensee, any provision of this Act or any direction (including a direction under paragraph (a)) issued by the Authority to or applicable to the electricity licensee, the Authority may by written notice to the electricity licensee do one or more of the following:

direct the electricity licensee to do or not do such things as are specified in such direction;

require the electricity licensee to provide a performance bond, guarantee or any other form of security on such terms and conditions as the Authority may determine;

require the electricity licensee to pay a financial penalty of an amount not exceeding 10% of the annual turnover of that part of the licensee’s business in respect of which the licensee holds a licence, ascertained from the licensee’s latest audited accounts, or an amount not exceeding $1 million, whichever is higher.