Division 1Division 1 Regulatory functions of Tribunal
77 Regulatory functions of Tribunal
(1) The regulatory functions of the Tribunal under this Act are:(a) the function of making recommendations under subsection (2), and(b) the function of monitoring and reporting under section 87, and(c) the function of imposing monetary penalties, or requiring other action to be taken, under clause 8A of Schedule 2, and(d) such other functions of the Tribunal under this Act as are specified by the regulations for the purposes of this section.(2) The Tribunal has the function of making recommendations to the Minister for or with respect to:(a) the granting, variation, transfer or cancellation of a licence, and(b) the imposition, variation or cancellation of conditions in relation to a licence or an endorsement attached to a licence, and(c) action to be taken, and sanctions to be applied, in respect of a contravention of the conditions of a licence or an endorsement attached to a licence, and(d) any remedial action that may be warranted as a result of a contravention of the conditions of a licence or an endorsement attached to a licence.(3) Part 4B of the Independent Pricing and Regulatory Tribunal Act 1992 applies in relation to the Tribunal’s regulatory functions under this Act.