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

The scheme financial functions are—

to administer the Fund, including by managing the receipt and expenditure of funds in accordance with the scheme; and

to enter into FERM contracts with long duration capacity providers in circumstances prescribed by these regulations; and

to monitor and enforce contractual performance and compliance by long duration capacity providers in respect of FERM contracts;

and

to provide information to the Scheme Regulator in connection with the contribution determination processes associated with the scheme, which may include—

compiling information that has been provided by other scheme entities for this purpose; and

providing forecasts of the Financial Vehicle's financial liabilities under the scheme;; and

any other functions conferred on the Financial Vehicle under these regulations.

The trust assets of the Financial Vehicle acting as a trustee under these regulations are the Fund and the FERM contracts to which the Financial

Vehicle is a party.

The Financial Vehicle must, in connection with the operation of subregulation (1)(c), notify the Scheme Regulator if the

Financial Vehicle becomes aware that a long duration capacity provider has failed to comply with a capacity commitment under a FERM contract.