Victorian Numbered Acts

NATIONAL ENERGY LEGISLATION AMENDMENT ACT 2020 (NO. 28 OF 2020) - SECT 7

    (1)     After section 35(3AB)(a) of the Electricity Industry Act 2000 insert —

    "(ab)     the variation is necessary to comply with an Order in force under subsection (3AC); or".

    (2)     After section 35(3AB) of the Electricity Industry Act 2000 insert —

    "(3AC)     The Minister, by Order published in the Government Gazette, may, as a consequence of the enactment of Division 6A of Part 3 of the National Electricity (Victoria) Act 2005 and any variations made to an applicable 2016–2020 distribution determination under that Division—

        (a)     direct a licensee to vary tariffs under subsection (3) as specified under the Order; and

        (b)     specify the period within which the tariffs must be varied.

    (3AD)     Without limiting subsection (3AC)(a), a direction under an Order under subsection (3AC) may specify principles, a formula or methodology in accordance with which tariffs must be varied.".

    (3)     In section 35(8) of the Electricity Industry Act 2000 insert the following definition—

" applicable 2016–2020 distribution determination has the same meaning as in section 16VA(1) of the National Electricity (Victoria) Act 2005 ;".

Division 2—Amendment of Gas Industry Act 2001