sec.67Amount of participation fee—energy entity

sec.67 Amount of participation fee—energy entity

If an energy entity is or becomes a scheme participant at the start of a financial year (the relevant financial year ), its participation fee for that year is— if it is the holder of a distribution authority under either the Electricity Act 1994 or the Gas Supply Act 2003 but not both Acts— the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is the holder of a distribution authority under both the Electricity Act 1994 and the Gas Supply Act 2003 — the amount prescribed under a regulation; or if no amount is prescribed—$10,000; or if it is the holder of 1 retailer authorisation under the NERL (Qld) — the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is the holder of 2 retailer authorisations under the NERL (Qld) — the amount prescribed under a regulation; or if no amount is prescribed—$10,000; or if it is the holder of a special approval and provides customer connection services— the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is an exempt seller other than a prescribed energy entity—the amount prescribed under a regulation for the exempt seller or the class of exempt sellers to which the exempt seller belongs; or if it is a prescribed energy entity—the amount prescribed by regulation. Subsection (1) continues to apply to the entity even if it stops being an energy entity during the relevant financial year. However, if the entity stops being an energy entity during the relevant financial year, subsection (1) does not apply to it for any subsequent financial year, even though, under section 64 , it continues to be a scheme participant. If an energy entity becomes a scheme participant during a financial year, its participation fee for that year is the amount worked out by applying the following formula— where— FF means the full participation fee that would have been payable under subsection (1) had the energy entity been— a scheme participant at the start of the financial year; and providing the same customer connection services or customer retail services that it provided when it became a scheme participant. ND means the number of days during which the entity is a scheme participant during the financial year. s 67 amd 2010 No. 53 ss 3 , 35 sch 1 ; 2014 No. 48 s 105 ; 2020 No. 14 s 24 (sec.67-ssec.1) If an energy entity is or becomes a scheme participant at the start of a financial year (the relevant financial year ), its participation fee for that year is— if it is the holder of a distribution authority under either the Electricity Act 1994 or the Gas Supply Act 2003 but not both Acts— the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is the holder of a distribution authority under both the Electricity Act 1994 and the Gas Supply Act 2003 — the amount prescribed under a regulation; or if no amount is prescribed—$10,000; or if it is the holder of 1 retailer authorisation under the NERL (Qld) — the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is the holder of 2 retailer authorisations under the NERL (Qld) — the amount prescribed under a regulation; or if no amount is prescribed—$10,000; or if it is the holder of a special approval and provides customer connection services— the amount prescribed under a regulation; or if no amount is prescribed—$5,000; or if it is an exempt seller other than a prescribed energy entity—the amount prescribed under a regulation for the exempt seller or the class of exempt sellers to which the exempt seller belongs; or if it is a prescribed energy entity—the amount prescribed by regulation. (sec.67-ssec.2) Subsection (1) continues to apply to the entity even if it stops being an energy entity during the relevant financial year. (sec.67-ssec.3) However, if the entity stops being an energy entity during the relevant financial year, subsection (1) does not apply to it for any subsequent financial year, even though, under section 64 , it continues to be a scheme participant. (sec.67-ssec.4) If an energy entity becomes a scheme participant during a financial year, its participation fee for that year is the amount worked out by applying the following formula— where— FF means the full participation fee that would have been payable under subsection (1) had the energy entity been— a scheme participant at the start of the financial year; and providing the same customer connection services or customer retail services that it provided when it became a scheme participant. ND means the number of days during which the entity is a scheme participant during the financial year.