72—Amendment of the NEL—New section 108A inserted
NEL—after section 108 insert:
108A—AEMC must publicly report on Rules not made within 12 months of
public notification of requests
(1) This section
applies if the AEMC—
(a)
publishes a notice under section 95 in respect of a request for the making of
a Rule; but
(b) does
not make a final Rule determination in respect of that request within 12
months after the publication of that notice (the "report trigger date ).
(2) The AEMC must
prepare a report on the request as soon as practicable after the report
trigger date.
(3) A report prepared
under this section must—
(a)
contain the reasons why the final Rule determination has not been made within
12 months after the publication of the notice under section 95; and
(b)
specify when the AEMC considers it will make the final Rule determination; and
(c) be
published.