South Australian Numbered Acts

STATUTES AMENDMENT (AUSTRALIAN ENERGY MARKET OPERATOR) ACT 2009 (NO 32 OF 2009) - SECT 12

12—Amendment of section 44—Provision of funding

Section 44(1)—delete subsection (1) and substitute:

        (1)         The funding requirements placed on the AEMC and AEMO under sections 42 and 43 are subject to the following additional provisions:

            (a)         the AEMC may allocate some or all of its costs under those sections to AEMO after taking into account the extent to which AEMO's functions relate to the provision of gas services within each of the various Australian jurisdictions (and AEMO must accept responsibility for those costs as allocated by the AEMC);

            (b)         the amounts to be provided by the AEMC and AEMO (after taking into account the operation of paragraph (a)) are to be made available under a scheme agreed between the AEMC, AEMO and the Panel or, in default of an agreement, on a quarterly basis.