120AB
In forceResponsibility for cost of audit
Chapter 5Industry regulation
Part 1Regulator
120AB Responsibility for cost of audit
(1)
An electricity entity, retailer or special approval holder required under section 120AA(1) to carry out, or appoint an independent auditor to carry out, an audit is responsible for the cost of the audit.
(2)
If the regulator appoints an independent auditor to carry out an audit concerning an electricity entity, retailer or special approval holder, the entity, retailer or holder must reimburse the regulator for the cost of the audit if required to do so by the regulator.
This Act’s bill:Explanatory memorandum
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