Victorian Current Acts

NATIONAL ENERGY RETAIL LAW (VICTORIA) ACT 2024 - SECT 23

After section 29 of the Electricity Industry Act 2000 insert —

        " 29AA     Commission to consult AER before revoking a retail licence

    (1)     The Commission must consult the AER before the Commission revokes a retail licence.

    (2)     Consultation under subsection (1) must be in accordance with the regulations (if any).

    (3)     The revocation of a retail licence by the Commission is not invalidated by reason only of a failure to comply with this section.

        29AB     Commission to notify AER and AEMO of revocation of retail licence

    (1)     If the Commission revokes a retail licence, the Commission must notify the AER and AEMO of that revocation within the prescribed period (if any).

    (2)     The revocation of a retail licence by the Commission is not invalidated by reason only of a failure to comply with subsection (1).".