sec.118AADefinitions

sec.118AA Definitions

In this Part— affiliate , of a Registered participant, means the following: a related body corporate of the Registered participant; a related entity of the Registered participant; a person involved in a joint venture with— the Registered participant; or another affiliate of the Registered participant; authorised deposit-taking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth; contribution determination —see section 118AZB (1) ; contribution order —see section 118AZC (1) ; distribution network service provider has the meaning given by the Rules; early closure proposal means— a notice given to AEMO, after 31 December 2020, in accordance with the Rules that a Registered participant, registered as a Generator, expects a relevant generating unit to cease supplying electricity— earlier than the expected closure date previously notified to AEMO; and within 7 years of the date of the notice to AEMO; or an application by a Registered participant for a notice exemption for a relevant generating unit; financial vehicle means the entity established by the Minister under section 118AS ; generator payment instrument means a payment order made under section 118AY (1) (b) ; mandatory operation direction —see section 118AD (1) ; mandatory operation period —see section 118AD (2) (e) ; Minister means the Minister of the participating jurisdiction in which the relevant generating unit, to which an early closure proposal applies, is located; MOD generating unit means a relevant generating unit subject to a mandatory operation direction; notice exemption means an exemption given to a Registered participant by the AER, in accordance with the Rules, from the requirement to notify AEMO of the intended closure date of a relevant generating unit at least 42 months before the intended closure date; OEM payments —see section 118AZC (1) ; orderly exit management fund means the fund established by the financial vehicle in accordance with section 118AT ; payment order means an order made under section 118AY (1) ; related body corporate has the same meaning as in the Corporations Act 2001 of the Commonwealth; related entity has the same meaning as in the Corporations Act 2001 of the Commonwealth; relevant generating unit means a thermal power turbine and related plant used in the production of electricity that, in accordance with the Rules, is classified as a scheduled generating unit; Rules obligations means the obligations imposed on a Registered participant by a Rule made under section 118AD (3) (c) ; voluntary agreement means a voluntary agreement under section 118AH . s 118AA ins 2024 No. 62 (SA) s 6

• (a) a related body corporate of the Registered participant;
• (b) a related entity of the Registered participant;
• (c) a person involved in a joint venture with— (i) the Registered participant; or (ii) another affiliate of the Registered participant;