sch.3-sec.124Price regulation exemptions deemed to be greenfields incentive determinations

sch.3-sec.124 Price regulation exemptions deemed to be greenfields incentive determinations

This clause applies in relation to a price regulation exemption if the exemption— has been granted before the commencement day; and immediately before the commencement day, is not ineffective only because of section 167(2) of the pre-amended Law. Under section 167(2) of the pre-amended Law, a price regulation exemption is ineffective unless a limited access arrangement, approved by the AER, is in force in relation to the relevant pipeline. On the commencement day, the exemption is deemed to be a greenfields incentive determination. The greenfields incentive determination continues in operation for a period of 15 years from the commissioning of the pipeline. Under section 167(1) of the pre-amended Law, if a price regulation exemption is granted, the exemption remains in force for a period of 15 years from the commissioning of the pipeline. sch 3 s 124 ins 2022 No. 21 (SA) s 90 (2) (sch.3-sec.124-ssec.1) This clause applies in relation to a price regulation exemption if the exemption— has been granted before the commencement day; and immediately before the commencement day, is not ineffective only because of section 167(2) of the pre-amended Law. Under section 167(2) of the pre-amended Law, a price regulation exemption is ineffective unless a limited access arrangement, approved by the AER, is in force in relation to the relevant pipeline. (sch.3-sec.124-ssec.2) On the commencement day, the exemption is deemed to be a greenfields incentive determination. (sch.3-sec.124-ssec.3) The greenfields incentive determination continues in operation for a period of 15 years from the commissioning of the pipeline. Under section 167(1) of the pre-amended Law, if a price regulation exemption is granted, the exemption remains in force for a period of 15 years from the commissioning of the pipeline.

• (a) has been granted before the commencement day; and
• (b) immediately before the commencement day, is not ineffective only because of section 167(2) of the pre-amended Law. Note— Under section 167(2) of the pre-amended Law, a price regulation exemption is ineffective unless a limited access arrangement, approved by the AER, is in force in relation to the relevant pipeline.