51Risk management framework

51 Risk management framework

51 Risk management framework

(1) The consumer trustee is to prepare a risk management framework to protect the financial interests of NSW electricity customers in connection with the risks associated with LTES agreements.

(2) The risk management framework may provide for the functions of the consumer trustee, the financial trustee, the scheme financial vehicle and the regulator under the framework.

(3) The risk management framework must be approved by the regulator.

(4) The approved risk management framework is to be published on the consumer trustee’s website.

(5) Despite subsection (4), the consumer trustee is not required to publish a part of the risk management framework if—

(a) the consumer trustee considers it is in the public interest not to publish the part, and

(b) the consumer trustee has the approval of the regulator to not publish the part.

(6) The Minister may—

(a) require the regulator to review an approved risk management framework, and

(b) require the consumer trustee to amend the risk management framework in accordance with a recommendation by the regulator arising from the review.

(7) (Repealed)

(8) The regulations may prescribe requirements for the risk management framework.

s 51: Am 2023 No 49, Sch 1[7].