36Ministerial notice relating to Basslink

36 Ministerial notice relating to Basslink

[Section 36 Substituted by No. 16 of 2003, s. 13, Applied:20 Jul 2005]

(1)  After consulting with the Hydro-Electric Corporation, the Minister may establish, by written notice provided to the Hydro-Electric Corporation, principles to be followed by the Hydro-Electric Corporation in relation to –

(a) [Section 36 Subsection (1) amended by No. 78 of 2005, s. 13, Applied:15 Dec 2005] the exercise by it of any rights it has under any agreement specified in that notice –

(i) to make, revise or amend; or

(ii) to request the making, revising or amending of; or

(iii) to control, approve or direct the content of –

network dispatch offers under the National Electricity Rules in relation to Basslink; and

(b) the making available by the Hydro-Electric Corporation of any moneys that –

(i) are payable to the Hydro-Electric Corporation under any agreement specified in that notice; and

(ii) [Section 36 Subsection (1) amended by No. 78 of 2005, s. 13, Applied:15 Dec 2005] are calculated by reference to, or relate to, moneys received or receivable under the National Electricity Rules in respect of the transfer of electricity from Victoria to Tasmania by means of Basslink.

(2)  A notice under subsection (1) may provide for any other matter related to, or necessary or convenient to be included in respect of, a matter referred to in that subsection including, but not limited to –

(a) the day by which, in each year during which the notice is in force, the Hydro-Electric Corporation must prepare and provide a draft compliance plan under section 37 ; and

(b) the functions of the Regulator in respect of the compliance by the Hydro-Electric Corporation with the principles established in the notice and a compliance plan under ; and