18ZFCompliance audits by regulated entities

18ZF Compliance audits by regulated entities

18ZF Compliance audits by regulated entities

(1) If required by the AER, a regulated entity must carry out an audit (a compliance audit) of specified aspects of the entity’s activities relating to the entity’s compliance with the Retailer Reliability Obligation.

(2) The regulated entity may carry out a compliance audit by arranging for a contractor or another person to carry out the compliance audit on the entity’s behalf, but the entity remains responsible for the carrying out of the compliance audit.

(3) A regulated entity must give the AER the results of a compliance audit carried out under this section within a period specified by the AER.

Note—

Subsections (1) and (3) are civil penalty provisions: See the definition of civil penalty provision in section 2AA(1).

pt 3, div 1C (ss 18Z–18ZI): Ins 2019 No 10, sec 9.