sec.228ARestrictions on the first exercise of price fixing power

sec.228A Restrictions on the first exercise of price fixing power

This section applies only for the first occasion on which the Minister exercises the power under section 228 . The power may be exercised only if— either— QCA has given the Minister a report about a pricing investigation; or AEMC has, under the AEMC Act, a report about the effectiveness of retail competition in the Queensland retail gas market; and no more than 6 months has passed since the giving of the report; and the Minister has considered the report. The Minister must— publish on the department’s website reasons for exercising the power; and give each retailer a copy of the reasons. In this section— AEMC means the Australian Energy Market Commission established under section 5 of the AEMC Act. AEMC Act means the Australian Energy Market Commission Establishment Act 2004 (SA) . retailer means a retailer under the NERL (Qld). s 228A ins 2006 No. 60 s 122 amd 2014 No. 48 s 140 (sec.228A-ssec.1) This section applies only for the first occasion on which the Minister exercises the power under section 228 . (sec.228A-ssec.2) The power may be exercised only if— either— QCA has given the Minister a report about a pricing investigation; or AEMC has, under the AEMC Act, a report about the effectiveness of retail competition in the Queensland retail gas market; and no more than 6 months has passed since the giving of the report; and the Minister has considered the report. (sec.228A-ssec.3) The Minister must— publish on the department’s website reasons for exercising the power; and give each retailer a copy of the reasons. (sec.228A-ssec.4) In this section— AEMC means the Australian Energy Market Commission established under section 5 of the AEMC Act. AEMC Act means the Australian Energy Market Commission Establishment Act 2004 (SA) . retailer means a retailer under the NERL (Qld).

• (a) either— (i) QCA has given the Minister a report about a pricing investigation; or (ii) AEMC has, under the AEMC Act, a report about the effectiveness of retail competition in the Queensland retail gas market; and
• (i) QCA has given the Minister a report about a pricing investigation; or
• (ii) AEMC has, under the AEMC Act, a report about the effectiveness of retail competition in the Queensland retail gas market; and
• (b) no more than 6 months has passed since the giving of the report; and
• (c) the Minister has considered the report.
• (i) QCA has given the Minister a report about a pricing investigation; or
• (ii) AEMC has, under the AEMC Act, a report about the effectiveness of retail competition in the Queensland retail gas market; and
• (a) publish on the department’s website reasons for exercising the power; and
• (b) give each retailer a copy of the reasons.