National Electricity (Queensland) Law
sec.118AVPayments from orderly exit management fund
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sec.118AV Payments from orderly exit management fund
The following payments may be made from the orderly exit management fund: money required for the functions and obligations of the financial vehicle under this Part; money required for the functions and obligations of AEMO and the AER under this Part; money required to be paid from the fund by the Regulations, the Rules or another law of a participating jurisdiction. If, in the opinion of the financial vehicle, the orderly exit management fund contains more money than is required to make reasonably anticipated payments under subsection (1) , the excess money in the fund must be— held as a credit against future OEM payments; or on the expiry of a mandatory operation direction—be returned to electricity consumers in the way provided for by the Rules. s 118AV ins 2024 No. 62 (SA) s 6 (sec.118AV-ssec.1) The following payments may be made from the orderly exit management fund: money required for the functions and obligations of the financial vehicle under this Part; money required for the functions and obligations of AEMO and the AER under this Part; money required to be paid from the fund by the Regulations, the Rules or another law of a participating jurisdiction. (sec.118AV-ssec.2) If, in the opinion of the financial vehicle, the orderly exit management fund contains more money than is required to make reasonably anticipated payments under subsection (1) , the excess money in the fund must be— held as a credit against future OEM payments; or on the expiry of a mandatory operation direction—be returned to electricity consumers in the way provided for by the Rules.
- (a) money required for the functions and obligations of the financial vehicle under this Part;
- (b) money required for the functions and obligations of AEMO and the AER under this Part;
- (c) money required to be paid from the fund by the Regulations, the Rules or another law of a participating jurisdiction.
- (a) held as a credit against future OEM payments; or
- (b) on the expiry of a mandatory operation direction—be returned to electricity consumers in the way provided for by the Rules.