NERL retailers annual administration fee
63AE NERL retailers annual administration fee
A
NERL retailer must pay to the Commission the relevant annual administration fee.
The annual administration fee is an amount, calculated in accordance with the regulations, that represents a reasonable contribution towards administrative costs.
For the purposes of this section, the Commission must give a NERL retailer a notice setting out—
the amount of the relevant annual administration fee; and
the date by which the fee (or, if the fee is to be paid in instalments, the first instalment of the relevant annual administration fee) must be paid.
The annual administration fee may, if the Commission so determines, be paid in equal instalments at intervals fixed by the Commission.
If a NERL retailer fails to pay the annual administration fee (or an instalment of the annual administration fee) in accordance with this section, the Commission may, by written notice, require the NERL retailer to make good the default and, in addition, to pay to the
Commission the amount prescribed as a penalty for default.
An annual administration fee (including any instalment of an annual administration fee or any penalty for default) payable under this section is recoverable as a debt due to the Crown.
In this section—
administrative costs means—
the costs of administration of this Act; and
the costs of administration of the Essential
Services Commission Act 2002 relating to the electricity supply industry; and
other costs prescribed by regulation, that, in the opinion of the Minister, relate to NERL retailers.
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