sec.66When participation fee is payable

sec.66 When participation fee is payable

The energy and water ombudsman must give each scheme participant at the start of a financial year an invoice for the participation fee for that year. If a utility entity becomes a scheme participant during a financial year, the energy and water ombudsman must give the participant an invoice for the participation fee for the year. The amount of an invoice must be worked out under section 67 or 67A . The participation fee is payable 14 days after the scheme participant receives the invoice. However, if a scheme participant is a prescribed energy entity— despite subsections (1) and (2) , the energy and water ombudsman must comply with the requirements prescribed by regulation about giving an invoice for a participation fee to the prescribed energy entity; and despite subsection (4) , the participation fee for a prescribed energy entity is payable within the period prescribed by regulation. s 66 amd 2010 No. 53 ss 34 , 3 sch 1 ; 2020 No. 14 s 23 (sec.66-ssec.1) The energy and water ombudsman must give each scheme participant at the start of a financial year an invoice for the participation fee for that year. (sec.66-ssec.2) If a utility entity becomes a scheme participant during a financial year, the energy and water ombudsman must give the participant an invoice for the participation fee for the year. (sec.66-ssec.3) The amount of an invoice must be worked out under section 67 or 67A . (sec.66-ssec.4) The participation fee is payable 14 days after the scheme participant receives the invoice. (sec.66-ssec.5) However, if a scheme participant is a prescribed energy entity— despite subsections (1) and (2) , the energy and water ombudsman must comply with the requirements prescribed by regulation about giving an invoice for a participation fee to the prescribed energy entity; and despite subsection (4) , the participation fee for a prescribed energy entity is payable within the period prescribed by regulation.

• (a) despite subsections (1) and (2) , the energy and water ombudsman must comply with the requirements prescribed by regulation about giving an invoice for a participation fee to the prescribed energy entity; and
• (b) despite subsection (4) , the participation fee for a prescribed energy entity is payable within the period prescribed by regulation.