sec.162RoLR plans

sec.162 RoLR plans

The AER must, in consultation with AEMO and Ministers of participating jurisdictions, develop, make and maintain RoLR plans. A RoLR plan is a plan for— the procedures to be followed by the participants in the event of a RoLR event, including direct communication with customers of a failed retailer; and regular exercises to be carried out by the participants in the plan. A RoLR plan must not be inconsistent with the RoLR Procedures. The participants in a RoLR plan are— the AER; and AEMO; and the registered RoLR or registered RoLRs nominated by the AER; and the distributor or distributors nominated by the AER; and other parties nominated by the AER. The AER must ensure that the participants in a RoLR plan— are consulted in the development and maintenance of the plan; and participate in regular exercises as provided in the plan. Each participant in a RoLR plan must use its best endeavours— to comply with the plan; and to assist in the development and maintenance of the plan; and to participate in regular exercises as provided in the plan. A RoLR plan must be published on the AER’s website. The AER must ensure that a RoLR plan is reviewed at such times as it considers appropriate and kept up to date to accord with the review outcomes. (sec.162-ssec.1) The AER must, in consultation with AEMO and Ministers of participating jurisdictions, develop, make and maintain RoLR plans. (sec.162-ssec.2) A RoLR plan is a plan for— the procedures to be followed by the participants in the event of a RoLR event, including direct communication with customers of a failed retailer; and regular exercises to be carried out by the participants in the plan. (sec.162-ssec.3) A RoLR plan must not be inconsistent with the RoLR Procedures. (sec.162-ssec.4) The participants in a RoLR plan are— the AER; and AEMO; and the registered RoLR or registered RoLRs nominated by the AER; and the distributor or distributors nominated by the AER; and other parties nominated by the AER. (sec.162-ssec.5) The AER must ensure that the participants in a RoLR plan— are consulted in the development and maintenance of the plan; and participate in regular exercises as provided in the plan. (sec.162-ssec.6) Each participant in a RoLR plan must use its best endeavours— to comply with the plan; and to assist in the development and maintenance of the plan; and to participate in regular exercises as provided in the plan. (sec.162-ssec.7) A RoLR plan must be published on the AER’s website. (sec.162-ssec.8) The AER must ensure that a RoLR plan is reviewed at such times as it considers appropriate and kept up to date to accord with the review outcomes.

• (a) the procedures to be followed by the participants in the event of a RoLR event, including direct communication with customers of a failed retailer; and
• (b) regular exercises to be carried out by the participants in the plan.