120QIndependent audits

120Q Independent audits

(1) A major electricity company must obtain, on the request of Energy Safe Victoria and at the intervals determined by Energy Safe Victoria, an independent audit of the major electricity company's compliance with section 120M, 120N, 120O or 120P.

(2) The major electricity company must establish to the satisfaction of Energy Safe Victoria that each person undertaking an audit under this section has the necessary competence, ability and access to information on the operations of the major electricity company to enable an independent audit to be carried out.

(3) If Energy Safe Victoria requires a major electricity company to obtain an independent audit under this section, the costs of that audit must be borne by the major electricity company.

(4) A major electricity company that contravenes subsection (1) is liable to pay a pecuniary penalty—

(a) not exceeding $50 000 in respect of each contravention of that subsection; and

(b) in the case of a continuing contravention of that subsection, a daily amount not exceeding $5000 for each day that contravention continues after service on the major electricity company by Energy Safe Victoria of notice of that contravention.

Division 3—Enforcement of additional bushfire mitigation duties

S. 120R inserted by No. 18/2017 s. 4.