sec.120ABResponsibility for cost of audit

### sec.120AB Responsibility for cost of audit An electricity entity, retailer or special approval holder required under section 120AA (1) to carry out, or appoint an independent auditor to carry out, an audit is responsible for the cost of the audit. If the regulator appoints an independent auditor to carry out an audit concerning an electricity entity, retailer or special approval holder, the entity, retailer or holder must reimburse the regulator for the cost of the audit if required to do so by the regulator. s 120AB ins 2004 No. 51 s 20 amd 2014 No. 48 s 56 (sec.120AB-ssec.1) An electricity entity, retailer or special approval holder required under section 120AA (1) to carry out, or appoint an independent auditor to carry out, an audit is responsible for the cost of the audit. (sec.120AB-ssec.2) If the regulator appoints an independent auditor to carry out an audit concerning an electricity entity, retailer or special approval holder, the entity, retailer or holder must reimburse the regulator for the cost of the audit if required to do so by the regulator.