South Australian Numbered Acts

STATUTES AMENDMENT (NATIONAL ENERGY RETAIL LAW) ACT 2011 (NO 7 OF 2011) - SECT 10

10—Insertion of section 10A

After section 10 insert:

10A—Corporations Act displacement

        (1)         The Regulations may declare a relevant provision to be a Corporations legislation displacement provision for the purposes of section 5G of the Corporations Act 2001 of the Commonwealth in relation to the provisions of Chapter 5 of that Act.

        (2)         In this section—

"relevant provision" means a provision of the Rules that relates to any of the following:

            (a)         the application by AEMO of money in any security deposit fund;

            (b)         the functions of AEMO under procedures relating to defaults by retailers;

            (c)         the application (or drawing on) of credit support held by a regulated distribution system operator in respect of a retailer who is the subject of a RoLR event within the meaning of Part 6 of the National Energy Retail Law .