National Electricity (South Australia) (Firm Energy Reliability and Orderly Exit Management) Regulations 2025

The scheme administration functions are—

to implement and administer the scheme including (without limitation) to establish governance and financial arrangements for the purposes of the scheme; and

to conduct a scheme tender at the request of the Minister and in accordance with any relevant Minister's guidelines; and

to develop a tender model, processes and systems; and

to prepare tender and contractual documentation; and

to advise the Financial Vehicle in relation to the contractual management of FERM contracts to the extent considered appropriate by the Scheme

Administrator; and

at the direction of the Minister, to develop a risk management framework for the scheme to protect the financial interests of South Australian electricity consumers—

in connection with the risks associated with FERM contracts;

and

otherwise in connection with the functions of the Financial

Vehicle; and

to provide information to the Scheme Regulator in connection with the contribution determination processes associated with the scheme;

and

any other functions conferred on a Scheme Administrator for the purposes of the scheme.

A risk management framework under subregulation (1)(f) is binding on the Financial

Vehicle.

The Scheme Administrator may amend or substitute a risk management framework under subregulation (1)(f) from time to time and must do so at the direction of the Minister.