Section 3 of the Principal Act is amended as follows:

(a) by inserting the following definitions after the definition of AEMO :

approved financial risk contract means a contract that –

(a) is an approved type of contract; and

(b) is in an approved standard form in relation to that type of contract; and

(c) contains prices calculated in accordance with the approved methodology in respect of contracts that are in that approved standard form;

approved methodology means a methodology approved under section 43G ;

approved standard form means a standard form approved under section 43G ;

approved type of contract means a type of contract approved under section 43G ;

(b) by omitting the definition of business customer ;

(c) by inserting the following definition after the definition of licence :

load following swap means a type of contract that allows a retailer to manage financial risks associated with the purchase of a specified quantity of electricity over the duration of the contract, where that quantity is allocated to trading intervals, within the meaning of the National Electricity Rules, in proportion to the Tasmanian net system load profile, within the meaning of the NEM Metrology Procedures made in accordance with the National Electricity Rules;

(d) by inserting the following definition after the definition of powerline :

price includes a tariff and a charge;

(e) by inserting the following definition after the definition of public land :

regulated offer retailer means an authorised retailer who is declared to be a regulated offer retailer in an order made under section 38B(1) ;

(f) by omitting the definition of residential customer ;

(g) by omitting the definition of reviewable decision and substituting the following definition:

reviewable decision means any direction, decision or determination under this Act, the regulations or the Code, other than –

(a) a decision of the Regulator or the Minister to make an order, approval or determination under Division 4 or 4A of Part 3 ; or

(b) a direction, decision or determination declared by this Act, the regulations or the Code not to be reviewable;

(h) by inserting the following definition after the definition of small customer :

standard retail contract has the meaning it has in the National Energy Retail Law (Tasmania);