Electricity Industry Act 2004
Gas Services Information Act 2012

Australian Energy Market Operator (Functions) Regulations 2015

 

Australian Energy Market Operator (Functions) Regulations 2015

Contents

1.Citation1

2.Commencement1

3.Term used: AEMO1

4.Functions of AEMO1

5.Cost recovery limited3

Notes

Compilation table4

Defined terms

 

Electricity Industry Act 2004
Gas Services Information Act 2012

Australian Energy Market Operator (Functions) Regulations 2015

1.Citation

These regulations are the Australian Energy Market Operator (Functions) Regulations 2015.

2.Commencement

These regulations come into operation as follows —

(a)regulations 1 and 2 — on the day on which these regulations are published in the Gazette;

(b)the rest of the regulations — on the day after that day.

3.Term used: AEMO

In these regulations —

AEMO means the Australian Energy Market Operator (ACN 072 010 327).

4.Functions of AEMO

(1)It is a function of the AEMO to prepare for the proposed conferral of a function on it under the Electricity Industry Act 2004 or the Gas Services Information Act 2012.

(2)For the purposes of subregulation (1), the Minister must, by instrument in writing given to the AEMO, identify the function.

(3)Without limiting the generality of subregulation (1), preparing for the proposed conferral of a function includes —

(a)undertaking feasibility studies, and similar studies and analysis, for the purposes of the proposed conferral of the function; and

(b)in relation to a function that is, at the time, a function of another person —

(i)carrying out activities relating to a due diligence process undertaken in relation to the other person for the purposes of the proposed conferral of the function; and

(ii)making arrangements relating to the transfer of information, assets, rights, liabilities, employees and contracts and other arrangements of the other person for the purposes of the proposed conferral of the function.

(4)A due diligence process in relation to a person includes the following activities —

(a)the examination and review of, and reporting on, information held by the person relating to —

(i)the financial position of the person;

(ii)the assets, rights, liabilities and contracts and other arrangements of the person;

(iii)the terms and conditions on which employees of the person are employed;

(b)the identification and description of, and reporting on, systems, assets, rights, liabilities, employees and contracts and other arrangements of the person;

(c)the examination and review of, and reporting on, contracts and other arrangements of the person.

5.Cost recovery limited

(1)Fees and charges to be paid by registered participants under the Electricity Industry (Wholesale Electricity Market) Regulations 2004 and registered gas market participants under the Gas Services Information Regulations 2012 for the performance of the functions of the AEMO under these regulations are, in total, not to exceed the amount determined by the Minister from time to time.

(2)An amount determined by the Minister for the purposes of subregulation (1) is to be published on the market website (as defined in the Electricity Industry (Wholesale Electricity Market) Regulations 2004 regulation 3) and the GSI website (as defined in the Gas Services Information Regulations 2012 regulation 3(1)).

 

 

Notes

1This is a compilation of the Australian Energy Market Operator (Functions) Regulations 2015 and contains information about these regulations.

Compilation table

Citation

Gazettal

Commencement

Australian Energy Market Operator (Functions) Regulations 2015

2 Oct 2015 p. 3929‑30

r. 1 and 2: 2 Oct 2015 (see r. 2(a));
Regulations other than r. 1 and 2: 3 Oct 2015 (see r. 2(b))

 

 

Defined terms

 

[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]

Defined termProvision(s)

AEMO3