Queensland Consolidated Acts

NATIONAL ELECTRICITY (QUEENSLAND) LAW - SECT 118AZC

118AZC Orderly exit management payments by distribution network service providers

(1) The financial vehicle may, by written order (a
"contribution order" ), direct a distribution network service provider to make payments to the orderly exit management fund (
"OEM payments" ) in accordance with the contribution determination applying to the distribution network service provider.

(2) A contribution order must specify the following:

(a) the distribution network service provider required to make the OEM payments;

(b) the amount of each OEM payment;

(c) the date by which each OEM payment must be made;

(d) the way each OEM payment must be made;

(e) that each OEM payment must be made to the financial vehicle for payment into the orderly exit management fund;

(f) matters prescribed by the Rules.

(3) The Rules may provide for the way an OEM payment may be recovered by the financial vehicle from a distribution network service provider, including the period of time over which the payment may be recovered.

(4) An OEM payment is recoverable by the financial vehicle as a debt in a court of competent jurisdiction.