Meaning of regulatory obligation or requirement
2D Meaning of regulatory obligation or requirement
A regulatory obligation or requirement is—
in relation to the provision of an electricity network service by a regulated network service provider—
a distribution system safety duty or transmission system safety duty;
or
a distribution reliability standard or transmission reliability standard; or
a distribution service standard or transmission service standard; or
an obligation or requirement under—
this
Law or Rules; or
the
National Energy Retail Law or the National Energy Retail Rules; or
an
Act of a participating jurisdiction, or any instrument made or issued under or for the purposes of that Act, that levies or imposes a tax or other levy that is payable by a regulated network service provider; or
an
Act of a participating jurisdiction, or any instrument made or issued under or for the purposes of that Act, that regulates the use of land in a participating jurisdiction by a regulated network service provider; or
an
Act of a participating jurisdiction or any instrument made or issued under or for the purposes of that Act that relates to the protection of the environment; or
an
Act of a participating jurisdiction, or any instrument made or issued under or for the purposes of that Act (other than national electricity legislation or an Act of a participating jurisdiction or an Act or instrument referred to in subparagraphs (ii) to (iv)), that materially affects the provision, by a regulated network service provider, of electricity network services that are the subject of a distribution determination or transmission determination.
A regulatory obligation or requirement does not include an obligation or requirement to pay a fine, penalty or compensation—
for a breach of—
a distribution system safety duty or transmission system safety duty;
or
a distribution reliability standard or transmission reliability standard; or
a distribution service standard or transmission service standard; or
under this Law or the Rules, the National Energy Retail Law or the
National Energy Retail Rules or an Act or an instrument referred to in subsection (1)(b)(ii) to (v).
Notes—
1 See also section 7A(2)(b).
2 The
RoLR cost recovery scheme is dealt with under Part 6 of the National
Energy Retail Law.
This Act’s bill:Second reading speech
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