71Initial payment

71 Initial payment S. 71(1) amended by No. 38/2025 s. 41(1). (1) Subject to sections 81 and 82, VicGrid must ensure that an initial payment is made, in accordance with the regulations, to an eligible person in relation to the relevant transmission interest of either— (a) an amount calculated in accordance with section 72; or S. 71(1)(b) amended by No. 38/2025 s. 41(1). (b) if VicGrid considers that exceptional circumstances exist, an amount greater than the amount described in paragraph (a) calculated in accordance with any guidelines made under section 79(1)(b). S. 71(2) amended by No. 38/2025 s. 41(1). (2) In determining whether exceptional circumstances exist for the purposes of subsection (1)(b), VicGrid— S. 71(2)(b) amended by No. 38/2025 s. 41(1). S. 71(3) amended by No. 38/2025 s. 41(2). (3) VicGrid must ensure that a payment to an eligible person under subsection (1) is made— (a) if a day is prescribed for the purposes of this subsection, on or before that day; or (b) if no day is prescribed for the purposes of this subsection, on or before the day that is 3 months after the day on which the determination of the person's eligibility is made under section 70(3)(a). S. 72 inserted by No. 15/2024 s. 10.