118AADefinitions

118AA Definitions

118AA Definitions

In this Part—

affiliate, of a Registered participant, means the following—

(a) a related body corporate of the Registered participant;

(b) a related entity of the Registered participant;

(c) a person involved in a joint venture with—

(i) the Registered participant; or

(ii) another affiliate of the Registered participant;

authorised deposit-taking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth;

contribution determination—see section 118AZB(1);

contribution order—see section 118AZC(1);

distribution network service provider has the meaning given by the Rules;

early closure proposal means—

(a) a notice given to AEMO, after 31 December 2020, in accordance with the Rules that a Registered participant, registered as a Generator, expects a relevant generating unit to cease supplying electricity—

(i) earlier than the expected closure date previously notified to AEMO; and

(ii) within 7 years of the date of the notice to AEMO; or

(b) an application by a Registered participant for a notice exemption for a relevant generating unit;

financial vehicle means the entity established by the Minister under section 118AS;

generator payment instrument means a payment order made under section 118AY(1)(b);

mandatory operation direction—see section 118AD(1);

mandatory operation period—see section 118AD(2)(e);

Minister means the Minister of the participating jurisdiction in which the relevant generating unit, to which an early closure proposal applies, is located;

MOD generating unit means a relevant generating unit subject to a mandatory operation direction;

notice exemption means an exemption given to a Registered participant by the AER, in accordance with the Rules, from the requirement to notify AEMO of the intended closure date of a relevant generating unit at least 42 months before the intended closure date;

OEM payments—see section 118AZC(1);

orderly exit management fund means the fund established by the financial vehicle in accordance with section 118AT;