After section 121 of the Principal Act , the following section is inserted in Division 6A:

121AA.     Costs of transfer of prepayment meter customers recoverable from distributor

(1)  An authorised retailer may give to the distributor in respect of the authorised retailer a notice specifying –

(a) the costs incurred by the retailer in relation to the termination, under the National Energy Retail Law (Tasmania), of a prepayment meter market retail contract; and

(b) the day, not being a day that is less than 30 days after the day on which the notice is given, by which the distributor is to pay the costs to the retailer.

(2)  If a notice is given to a distributor under subsection (1) , the costs specified in the notice in accordance with subsection (1)(a) are due and payable by the distributor on the day specified in the notice in accordance with subsection (1)(b) .

(3)  In this section –

prepayment meter market retail contract has the same meaning as it has in the National Energy Retail Law (Tasmania).