National Electricity (Queensland) Law
sec.118AZCOrderly exit management payments by distribution network service providers
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sec.118AZC Orderly exit management payments by distribution network service providers
The financial vehicle may, by written order (a contribution order ), direct a distribution network service provider to make payments to the orderly exit management fund ( OEM payments ) in accordance with the contribution determination applying to the distribution network service provider. A contribution order must specify the following: the distribution network service provider required to make the OEM payments; the amount of each OEM payment; the date by which each OEM payment must be made; the way each OEM payment must be made; that each OEM payment must be made to the financial vehicle for payment into the orderly exit management fund; matters prescribed by the Rules. The Rules may provide for the way an OEM payment may be recovered by the financial vehicle from a distribution network service provider, including the period of time over which the payment may be recovered. An OEM payment is recoverable by the financial vehicle as a debt in a court of competent jurisdiction. s 118AZC ins 2024 No. 62 (SA) s 6 (sec.118AZC-ssec.1) The financial vehicle may, by written order (a contribution order ), direct a distribution network service provider to make payments to the orderly exit management fund ( OEM payments ) in accordance with the contribution determination applying to the distribution network service provider. (sec.118AZC-ssec.2) A contribution order must specify the following: the distribution network service provider required to make the OEM payments; the amount of each OEM payment; the date by which each OEM payment must be made; the way each OEM payment must be made; that each OEM payment must be made to the financial vehicle for payment into the orderly exit management fund; matters prescribed by the Rules. (sec.118AZC-ssec.3) The Rules may provide for the way an OEM payment may be recovered by the financial vehicle from a distribution network service provider, including the period of time over which the payment may be recovered. (sec.118AZC-ssec.4) An OEM payment is recoverable by the financial vehicle as a debt in a court of competent jurisdiction.
- (a) the distribution network service provider required to make the OEM payments;
- (b) the amount of each OEM payment;
- (c) the date by which each OEM payment must be made;
- (d) the way each OEM payment must be made;
- (e) that each OEM payment must be made to the financial vehicle for payment into the orderly exit management fund;
- (f) matters prescribed by the Rules.