Prerequisites to approval of amendment
11ZOO Prerequisites to approval of amendment
The Authority may approve an amendment to a retail market scheme under section 11ZOM only if the Authority is satisfied that —
if the amendment is made the provisions of the scheme —
will comply with this Act; and
be 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.
The Authority may approve an amendment to any retail market rules under section 11ZOM only if the Authority is satisfied that the consultation required by section 11ZOL(3) has taken place and —
each person required to be consulted has agreed to the amendment; 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 11ZOO inserted: No. 53 of 2003 s. 15; amended: No. 53 of 2003 s. 19(1).]
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