43—Insertion of Chapter 2, Part 1, Division 4A
Chapter 2, Part 1—after Division 4 insert:
Division 4A—Monitoring service providers
63A—AER must monitor service providers' behaviour
The AER must regularly and systematically monitor the following matters:
(a) the prices charged by service providers for pipeline services;
(b) the non-price terms and conditions for pipeline services;
(c) the financial information reported by service providers;
(d) the outcomes of access negotiations;
(e) service providers' dealings with associates;
(f) service providers' compliance with ring fencing requirements;
(g) the compliance of service providers with other requirements of this Law and the Rules.
63B—AER must report to MCE
(1) At least every 2 years, the AER must report to the MCE on its work under this Division for the previous 2 years (the "relevant period").
(2) The MCE may issue a direction to the AER requiring the AER to include information in the report about a stated matter that relates to the AER's performance or exercise of its functions or powers under Chapters 3 to 5.
(3) The report must—
(a) state how many service providers the AER monitored during the relevant period for the purposes of this Division; and
(b) summarise the information obtained in relation to the matters mentioned in section 63A
; and
(c) state how the AER obtained information contained in the report; and
(d) give an assessment of the behaviour of service providers in relation to the matters mentioned in section 63A
; and
(e) state the extent to which service providers have complied, or failed to comply, with their obligations under this Law, the Regulations and the Rules; and
(f) include any information requested in a direction issued by the MCE under subsection (2)
.
(4) As soon as practicable after giving a report to the MCE under this section, the AER must publish, on its website, a version of the report that—
(a) contains aggregated information about each of the matters mentioned in section 63A
; and
(b) is not likely to result in the identification of a particular service provider.