Victorian Numbered Acts

NATIONAL ENERGY RETAIL LAW (VICTORIA) ACT 2024 (NO. 18 OF 2024) - SECT 31

After section 38 of the Gas Industry Act 2001 insert —

        " 38AA     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.

        38AB     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).".