Queensland Consolidated Acts

NATIONAL GAS (QUEENSLAND) LAW - SECT 30AT

30AT Wholesale market monitoring guidelines

(1) The AER must prepare guidelines about the following:

(a) the scope of the AER wholesale market monitoring functions;

(b) the collection of information for the purposes of this Division;

(c) the publication and reporting of information under this Division.

(2) Without limiting what may be included in wholesale market monitoring guidelines, the guidelines must include the following:

(a) information about the things the AER proposes to consider in assessing—

(i) effective competition in wholesale gas markets; and

(ii) the effective functioning of wholesale gas markets;

(b) a summary of the compliance obligations of persons who hold information;

(c) the processes the AER proposes to adopt in requesting information, including processes designed to minimise the time and resources wholesale gas market participants will devote to responding to a request;

(d) the type of information the AER expects to routinely request and how frequently it will request that information;

(e) the type of information the AER does not expect to request;

(f) classes of relevant agreements the AER does not expect to request;

(g) the formats in which the AER expects information to be submitted;

(h) a general outline of the way the AER will ensure that commercially sensitive information obtained for wholesale market monitoring functions is kept securely;

(i) other matters prescribed by the Regulations or the Rules.

(3) Before making wholesale market monitoring guidelines the AER must consult in accordance with the Rules.

(4) Wholesale market monitoring guidelines must be—

(a) made in accordance with the Rules; and

(b) published on the AER website within 6 months after commencement of this section.