sec.91BRINature of STTM Procedures

sec.91BRI Nature of STTM Procedures

STTM Procedures are a form of statutory instrument directed at the regulation of a short term trading market. The STTM Procedures may deal with the following matters: the matters specified by the Rules; any other matter relevant to a short term trading market on which this Law or the Rules contemplate the making of Procedures. The STTM Procedures— may vary according to the persons, times, places or circumstances to which they are expressed to apply; and may confer functions or powers on, or leave any matter or thing to be decided by, AEMO; and may confer rights or impose obligations on STTM trading participants, exempted participants, or other persons; and may confer power on AEMO to make or issue guidelines, tests, standards and other documents of an administrative nature; and may confer power on AEMO to require a person on whom a right is conferred, or an obligation imposed, under the Procedures— to comply with a guideline, standard or other document of an administrative nature; or to conduct, or submit to, a test designed by AEMO; and may exempt, or confer a power of exemption, from the application of the Procedures or specified provisions of the Procedures; and may contain provisions of a savings or transitional nature. AEMO must not, without the consent of the MCE, make STTM Procedures that confer a right or function, or impose an obligation, on the MCE or a Minister of a participating jurisdiction. The STTM Procedures cannot— create an offence; or provide for a criminal or civil penalty. s 91BRI ins 2009 No. 46 (SA) s 9 (sec.91BRI-ssec.1) STTM Procedures are a form of statutory instrument directed at the regulation of a short term trading market. (sec.91BRI-ssec.2) The STTM Procedures may deal with the following matters: the matters specified by the Rules; any other matter relevant to a short term trading market on which this Law or the Rules contemplate the making of Procedures. (sec.91BRI-ssec.3) The STTM Procedures— may vary according to the persons, times, places or circumstances to which they are expressed to apply; and may confer functions or powers on, or leave any matter or thing to be decided by, AEMO; and may confer rights or impose obligations on STTM trading participants, exempted participants, or other persons; and may confer power on AEMO to make or issue guidelines, tests, standards and other documents of an administrative nature; and may confer power on AEMO to require a person on whom a right is conferred, or an obligation imposed, under the Procedures— to comply with a guideline, standard or other document of an administrative nature; or to conduct, or submit to, a test designed by AEMO; and may exempt, or confer a power of exemption, from the application of the Procedures or specified provisions of the Procedures; and may contain provisions of a savings or transitional nature. (sec.91BRI-ssec.4) AEMO must not, without the consent of the MCE, make STTM Procedures that confer a right or function, or impose an obligation, on the MCE or a Minister of a participating jurisdiction. (sec.91BRI-ssec.5) The STTM Procedures cannot— create an offence; or provide for a criminal or civil penalty.