53Information gathering powers

53 Information gathering powers

53 Information gathering powers

(1) If AEMO considers it reasonably necessary to do so for the exercise of a relevant function, it may—

(a) make a general market information order requiring information from persons of a class specified in the order; or

(b) serve a market information notice requiring information from the person to whom the notice is addressed.

(2) A relevant function is—

(a) an NTP function; or

(b) an additional advisory function; or

(c) a declared network function; or

(d) any other statutory function for which this Law authorises AEMO to gather information by means of a market information instrument.

(3) In considering whether to make a general market information order or to issue a market information notice and, if so, the terms of the order or notice, AEMO must have regard to the reasonable costs of efficient compliance.

(4) A market information instrument—

(a) must specify—

(i) the information, or categories of information, that is to be provided to AEMO; and

(ii) the time by which the information is required; and

(iii) in the case of a general market information order—the class of persons to which the order applies; and

(iv) in the case of a market information notice—the name of the person to whom the notice is addressed; and

(b) may specify the manner and form in which information must be provided.

(5) Without limiting subsection (4), a market information instrument—

(a) may require information of any of the following kinds—

(i) historic, current and forecast information;

(ii) information that may be derived from other information in the possession or control of the person required to provide the information; and

(b) may require the provision of information on an annual or other periodic basis.