Prerequisites to approval of scheme
11ZON Prerequisites to approval of scheme
The Authority may approve a retail market scheme under section 11ZOJ only if the Authority is satisfied —
that the provisions of the scheme —
comply with this Act; and
are suitable for the purposes of section 11ZOB;
any other principle, criterion or requirement that is prescribed for the purposes of this paragraph has been met; and
the consultation required by section 11ZOI(3) has taken place and —
each person required to be consulted has agreed, if the scheme is approved, to comply with the relevant provisions of the retail market rules made as part of the scheme; or
if any person required to be consulted has not so agreed, that person has been given a reasonable opportunity in the course of the consultation to provide reasons for not agreeing and any reasons so provided have been considered.
[Section 11ZON inserted: No. 53 of 2003 s. 15; amended: No. 53 of 2003 s. 19(1).]
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