Electricity Supply Industry Act 1995

An authorised retailer may give to the distributor in respect of the authorised retailer a notice specifying – the relevant costs incurred by the retailer in relation to a relevant termination, under the National Energy Retail Law (Tasmania), of a prepayment meter market retail contract; and the day, not being (unless otherwise agreed between the distributor and the authorised retailer) a day that is less than 30 days after the day on which the notice is given, by which the distributor is to pay the costs to the retailer.

For the purposes of subsection (1)(a), the relevant costs incurred by an authorised retailer in relation to a relevant termination are the costs charged to the retailer by the distributor for the removal or reconfiguration of a prepayment meter system installed at the premises to which the relevant termination relates.

For the purposes of subsection (1)(a), a relevant termination is a termination, of a prepayment meter market retail contract in relation to a prepayment meter of the prescribed type installed at premises, by a customer – who has received from an authorised retailer a notice of the variation of the tariffs and charges in relation to the prepayment meter market retail contract; and who has, within 20 days of receiving the notice referred to in paragraph (a), given, under the National Energy Retail Rules, notice to the authorised retailer of the customer's intention to terminate the prepayment meter market retail contract; and who has, subsequent to the termination of the prepayment meter market retail contract, entered into a standard retail contract in relation to the premises; and who has not previously terminated a prepayment meter market retail contract in relation to a prepayment meter system of the prescribed type installed at the premises.

If a notice is given to a distributor under subsection (1), the costs specified in the notice in accordance with subsection (1)(a) are due and payable by the distributor on the day specified in the notice in accordance with subsection (1)(b).

In this section – prepayment meter market retail contract has the same meaning as it has in the National Energy Retail Law (Tasmania).