118AVPayments from orderly exit management fund

118AV Payments from orderly exit management fund

118AV Payments from orderly exit management fund

(1) The following payments may be made from the orderly exit management fund—

(a) money required for the functions and obligations of the financial vehicle under this Part;

(b) money required for the functions and obligations of AEMO and the AER under this Part;

(c) money required to be paid from the fund by the Regulations, the Rules or another law of a participating jurisdiction.

(2) If, in the opinion of the financial vehicle, the orderly exit management fund contains more money than is required to make reasonably anticipated payments under subsection (1), the excess money in the fund must be—

(a) held as a credit against future OEM payments; or

(b) on the expiry of a mandatory operation direction—be returned to electricity consumers in the way provided for by the Rules.

s 118AV: Ins 2024 No 62, sec 6.