s.4Establishment of the Utility Regulation and Competition Office
4
Section 4Part 2Establishment, functions and administration of the Utility Regulation and Competition Office

Establishment of the Utility Regulation and Competition Office

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There is established a body to be called the Utility Regulation and Competition Office, having the functions and powers conferred or imposed upon it by this and any other Law.
The Office shall be a body corporate having perpetual succession and a common seal and, subject to the provisions of this Act, shall have power to buy, sell, hold, deal and otherwise acquire and dispose of land and other property of any kind and to enter into contracts and to do all things necessary or desirable for the purposes of its functions and powers.
The Office may sue and be sued in its corporate name and it shall have exclusive right to use the name the "Office of Competition and Regulation".
The Office shall establish and maintain its head office and principal place of business within the Islands, and shall cause details thereof to be gazetted, and service of all documents on the Office shall be deemed to be effective if delivered at the head office.

Defined Terms

Office

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