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NATIONAL ENERGY RETAIL LAW (VICTORIA) ACT 2024 - SECT 11

Regulations

    (1)     The Governor in Council may make—

        (a)     regulations generally prescribing any matter or thing required or permitted by this Act to be prescribed or necessary to be prescribed to give effect to this Act; and

        (b)     such regulations, including regulations constituting local instruments, as are contemplated by the National Energy Retail Law (Victoria), or an instrument made under that Law, as being made under this Act as the application Act of this jurisdiction.

    (2)     Without limiting subsection (1), regulations may modify any of the following—

        (a)     the applicable NERL provisions;

        (b)     regulations made under the National Energy Retail Law for the purposes of the applicable NERL provisions, as amended from time to time;

        (c)     Rules made under the National Energy Retail Law for the purposes of the applicable NERL provisions, as amended from time to time.

    (3)     The regulations may—

        (a)     be of limited or general application;

        (b)     differ according to differences in time, place or circumstances;

        (c)     confer a function, power or discretionary authority or impose a duty on the Minister or a regulator;

        (d)     provide for the disclosure of information that relates to a RoLR event or possible RoLR event (including confidential and personal information and information obtained under a regulatory information notice or otherwise) by one regulator to another regulator;

        (e)     apply, adopt or incorporate, with or without modification, any matter contained in any document, code, standard, rule, specification or method formulated, issued, prescribed or published by any person—

              (i)     wholly or partially or as amended by the regulations; or

              (ii)     as formulated, issued, prescribed or published at the time the regulations are made or at any time before then; or

              (iii)     as formulated, issued, prescribed or published from time to time;

        (f)     impose a penalty not exceeding 20 penalty units for any contravention of the regulations.

    (4)     In this section—

"regulator "means the Essential Services Commission, the AER, the AEMC or AEMO.

Part 5—Transitional and savings provisions



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