sec.53Information gathering powers

sec.53 Information gathering powers

If AEMO considers it reasonably necessary to do so for the exercise of a relevant function, it may— make a general market information order requiring information from persons of a class specified in the order; or serve a market information notice requiring information from the person to whom the notice is addressed. A relevant function is— an NTP function; or an additional advisory function; or a declared network function; or any other statutory function for which this Law authorises AEMO to gather information by means of a market information instrument. 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. A market information instrument— must specify— the information, or categories of information, that is to be provided to AEMO; and the time by which the information is required; and in the case of a general market information order—the class of persons to which the order applies; and in the case of a market information notice—the name of the person to whom the notice is addressed; and may specify the manner and form in which information must be provided. Without limiting subsection (4) , a market information instrument— may require information of any of the following kinds: historic, current and forecast information; information that may be derived from other information in the possession or control of the person required to provide the information; and may require the provision of information on an annual or other periodic basis. s 53 sub 2009 No. 31 (SA) s 17 (sec.53-ssec.1) If AEMO considers it reasonably necessary to do so for the exercise of a relevant function, it may— make a general market information order requiring information from persons of a class specified in the order; or serve a market information notice requiring information from the person to whom the notice is addressed. (sec.53-ssec.2) A relevant function is— an NTP function; or an additional advisory function; or a declared network function; or any other statutory function for which this Law authorises AEMO to gather information by means of a market information instrument. (sec.53-ssec.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. (sec.53-ssec.4) A market information instrument— must specify— the information, or categories of information, that is to be provided to AEMO; and the time by which the information is required; and in the case of a general market information order—the class of persons to which the order applies; and in the case of a market information notice—the name of the person to whom the notice is addressed; and may specify the manner and form in which information must be provided. (sec.53-ssec.5) Without limiting subsection (4) , a market information instrument— may require information of any of the following kinds: historic, current and forecast information; information that may be derived from other information in the possession or control of the person required to provide the information; and may require the provision of information on an annual or other periodic basis.