The Compliance Framework and Reporting Guidelines: NT Energy Retail

The Compliance Framework and Reporting Guidelines: NT Energy Retail

NT Energy Compliance
The Compliance Framework and Reporting Guidelines were produced in 2016 by the Utilities Commission of the Northern Territory (‘the Commission’). The guidelines were produced pursuant to section 7 of the Utilities Commission Act and are consistent with the aim of the Commission to foster a culture of compliance. The Commission’s objectives in developing the Compliance Framework and Reporting Guidelines are set out in section 1.17 and include the clarification of enforcement and disciplinary processes in cases of non-compliance. The document also specifies and reinforces the Commission’s requirements for: licensees in relation to establishing and maintaining appropriate and robust compliance processes and frameworks in compliance with licence conditions;responsibility of the board and senior management;reporting of information to the commission; andoperational and compliance audits in respect of operations carried out by licensees…
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