14NApplication of Division

14N Application of Division

14N Application of Division

(1) This Division applies to a person if—

(a) the AER made a T-1 reliability instrument for a forecast reliability gap in a region; and

(b) the person is a liable entity for the region to which the instrument applies; and

(c) the person is a liable entity on—

(i) the contract position day; or

(ii) in circumstances for which a later day is prescribed by the Rules—the later day.

(2) In this Division—

(a) a reference to a matter is a reference to the matter for the region to which the T-1 reliability instrument applies; and

(b) a reference to the reliability gap period is a reference to the forecast reliability gap period stated in the T-1 reliability instrument; and

(c) a reference to the stated trading intervals is a reference to the trading intervals stated in the T-1 reliability instrument; and

(d) a reference to the contract position day or the reporting day is a reference to the contract position day or reporting day stated in the T-1 reliability instrument.

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