145Types of ring fencing requirements that may be specified in an AER ring fencing determination

145 Types of ring fencing requirements that may be specified in an AER ring fencing determination

145 Types of ring fencing requirements that may be specified in an AER ring fencing determination

Without limiting what may be specified as an additional ring fencing requirement, the AER, in an AER ring fencing determination, may require a service provider to—

(a) ensure that its business and business activities are conducted, structured and arranged in the particular manner specified;

Example 1

An AER ring fencing determination may require the service provider to ensure that persons employed or engaged by the service provider in relation to the provision of pipeline services are not also associates, or employed by associates, of the service provider that take part in a related business and how this must be effected.

Example 2

An AER ring fencing determination may require the service provider to put in place electronic, physical and procedural security measures in respect of the offices and computer systems of the service provider, and of the offices and computer systems of its associates, so that certain specified employees or persons engaged by the service provider do not have access to certain specified information.

(b) in a specified manner, disclose, to the AER and to the public, specified information in a specified manner about its business operations, structure and arrangements, and its business activities.

s 145: Am 2022 No 21, sec 69.