7Role of ESC

7 Role of ESC (1) The ESC is responsible for the general administration of this Act. (2) Without limiting subsection (1), the functions of the ESC under this Act include to— (a) accredit persons who may create certificates; (b) monitor and administer the creation, registration, transfer and surrender of certificates; (c) enforce the imposition of energy efficiency shortfall penalties; S. 7(2)(ca) inserted by No. 34/2022 s. 21(1). (ca) regulate participation in the holding, transfer and surrender of certificates; S. 7(2)(cb) inserted by No. 34/2022 s. 21(1). (cb) publish information relating to the holding, transfer and surrender of certificates; S. 7(2)(d) substituted by No. 34/2022 s. 50. (d) undertake compliance audits of accredited persons; S. 7(2)(da) inserted by No. 34/2022 s. 50. (da) administer the conduct of independent compliance audits and independent assurance audits; S. 7(2)(e) substituted by No. 34/2022 s. 21(2). (e) monitor compliance with this Act; S. 7(2)(f) inserted by No. 34/2022 s. 21(2). (f) publish information about the operation of this Act. (3) The ESC must provide a report on the performance of the VEET scheme to the Minister— (a) after the end of each year after the commencement of this section; and (b) at the end of any other period as requested by the Minister in writing. S. 7(3A) inserted by No. 34/2022 s. 21(3). (3A) A report under subsection (3) must include the prescribed matters relating to the holding, transfer and surrender of certificates. (4) The ESC must include a report on the operation of this Act in its annual report of operations under Part 7 of the **Financial Management Act 1994**. S. 7A inserted by No. 34/2022 s. 22.