sec.148ADesignated contract for RoLR

sec.148A Designated contract for RoLR

A registered RoLR must give written notice to the AER if— the registered RoLR is willing to transfer all the small customers of a failed retailer that are transferred to it on to a contract (a designated contract ); and the designated contract complies with this section. The notice must be given in accordance with the AER RoLR Guidelines. The designated contract must— contain the same terms and conditions as a market retail contract; and ensure a small customer under the contract will not be in a worse position than the customer would have been had the customer been transferred to the registered RoLR’s standard retail contract; and ensure the prices payable by the customer are not more than the registered RoLR’s standing offer prices; and ensure the prices payable by the customer cannot be increased during the period of 3 months after the relevant transfer date (the initial period ); and ensure the customer will not be required to pay a fee for breaking the contract during the initial period; and comply with— requirements of this Law or the Rules that apply to a market retail contract; and the AER RoLR Guidelines; and be published on the website of the registered RoLR. The registered RoLR must, as soon as practicable after it varies the designated contract— give written notice to the AER about the variation; and This paragraph is a civil penalty provision. publish the designated contract as varied on the website of the registered RoLR. If the AER forms the view that the designated contract requires review— the AER may direct the registered RoLR to review the contract and make variations in accordance with the requirements of subsection (3) ; and the registered RoLR must— vary the contract in accordance with the AER’s requirements; and submit the varied contract to the AER for approval; and as soon as practicable after the varied contract is approved by the AER—publish the varied contract on the registered RoLR’s website. Subsection (5) (b) is a civil penalty provision. s 148A ins 2025 No. 61 (SA) s 8 (sec.148A-ssec.1) A registered RoLR must give written notice to the AER if— the registered RoLR is willing to transfer all the small customers of a failed retailer that are transferred to it on to a contract (a designated contract ); and the designated contract complies with this section. (sec.148A-ssec.2) The notice must be given in accordance with the AER RoLR Guidelines. (sec.148A-ssec.3) The designated contract must— contain the same terms and conditions as a market retail contract; and ensure a small customer under the contract will not be in a worse position than the customer would have been had the customer been transferred to the registered RoLR’s standard retail contract; and ensure the prices payable by the customer are not more than the registered RoLR’s standing offer prices; and ensure the prices payable by the customer cannot be increased during the period of 3 months after the relevant transfer date (the initial period ); and ensure the customer will not be required to pay a fee for breaking the contract during the initial period; and comply with— requirements of this Law or the Rules that apply to a market retail contract; and the AER RoLR Guidelines; and be published on the website of the registered RoLR. (sec.148A-ssec.4) The registered RoLR must, as soon as practicable after it varies the designated contract— give written notice to the AER about the variation; and This paragraph is a civil penalty provision. publish the designated contract as varied on the website of the registered RoLR. (sec.148A-ssec.5) If the AER forms the view that the designated contract requires review— the AER may direct the registered RoLR to review the contract and make variations in accordance with the requirements of subsection (3) ; and the registered RoLR must— vary the contract in accordance with the AER’s requirements; and submit the varied contract to the AER for approval; and as soon as practicable after the varied contract is approved by the AER—publish the varied contract on the registered RoLR’s website. Subsection (5) (b) is a civil penalty provision.