107Power to revoke retailer authorisation

107 Power to revoke retailer authorisation

107 Power to revoke retailer authorisation

(1) The AER may decide to revoke a retailer authorisation in accordance with this Division.

(2) The grounds for revocation of a retailer’s authorisation are—

(a) that the retailer—

(i) in the case of electricity—has breached a requirement referred to in section 88(2)(a); or

(ii) in the case of gas—has breached a requirement referred to in section 88(2)(b); or

(b) that the AER is satisfied that there has been a material failure by the retailer to meet the obligations of a retailer under the energy laws, which creates a reasonable apprehension that the retailer will not be able to meet its obligations under this Law, the National Regulations or the Rules in the future.

(3) A retailer authorisation may not be revoked unless the revocation process has been completed.

(4) The AER may commence the revocation process in relation to a retailer authorisation if the AER reasonably considers that the grounds for revocation exist.

Note—

The revocation process is set out in section 120.

s 107: Am 2020 No 37, sec 37.