sec.18ZFCompliance audits by regulated entities

sec.18ZF Compliance audits by regulated entities

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. 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. 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. Subsections (1) and (3) are civil penalty provisions: See the definition of civil penalty provision in section 2AA (1) . s 18ZF ins 2019 No. 10 (SA) s 9 (sec.18ZF-ssec.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. (sec.18ZF-ssec.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. (sec.18ZF-ssec.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. Subsections (1) and (3) are civil penalty provisions: See the definition of civil penalty provision in section 2AA (1) .