14DMeaning of liable entity for a region

14D Meaning of liable entity for a region

14D Meaning of liable entity for a region

(1) Each of the following is a liable entity for a region—

(a) a person who is a Registered participant mentioned in section 11(4)(a);

(b) a person mentioned in section 11(4)(b) prescribed by the Rules to be a liable entity for the reliability obligations;

(c) another person who has elected, under section 14E, to assume responsibility for the reliability obligations of a person mentioned in paragraph (a).

(2) However, a person mentioned in subsection (1)(a) is not a liable entity for a region—

(a) if the person is a Registered participant mentioned in subsection (1)(a) who is prescribed by the Rules not to be a liable entity for the reliability obligations; or

(b) to the extent a person mentioned in subsection (1)(c) has elected to assume the person’s responsibility for the reliability obligations for the region.

s 14D: Ins 2019 No 10, sec 7.