ACCC Retail Electricity Pricing Inquiry

Good news for smaller energy retailers in the ACCC Retail Electricity Pricing Inquiry—Final Report

The recommendations from the Australian Competition & Consumer Commission (ACCC) in its recent ‘ACCC Retail Electricity Pricing Inquiry—Final Report’ (the ...
Read More
ACCC reduce energy prices - Retail Electricity Pricing Inquiry Final Report

ACCC blueprint to reduce energy prices

The Australian Competition and Consumer Commission (ACCC) has released its final report in relation to Retail Electricity Pricing; Restoring electricity ...
Read More
Thunder over power lines - June Energy Update

June Energy Update: National Energy Guarantee Detailed Design

Regulation for the National Electricity Market jurisdictions (Queensland, New South Wales, Victoria, Australian Capital Territory, South Australia and Tasmania) is ...
Read More
Baseball game, Victorian Retail Energy Market

Developments in the Victorian Retail Energy Market

In this article, we look at two regulatory announcements for the Victorian Retail Energy Market over the last ten days ...
Read More
surfer in wave - Electric Vehicle subsidies

How does Australia compare to California when it comes to Electric Vehicle (EV) subsidies?

Last month, the California Public Utilities Commission (CPUC) announced approval of $738 million worth of projects for electric vehicle (EV) ...
Read More
Federal Court of Australia Click Energy

ACCC has instituted court proceedings against Click Energy

The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court of Australia against Click Energy alleging it ...
Read More
Detailed Design National Energy Guarantee moving lights

The Details of the Detailed Design: National Energy Guarantee and Qualifying Contracts

What will be the practical impact of the National Energy Guarantee (NEG) on retailers? When we first discussed the NEG, ...
Read More
Please stay on the path - Compliance Procedures and Guidelines

Review of Compliance Procedures and Guidelines

On 18 June the Australian Energy Regulator (AER) announced that it was reviewing its Compliance Procedures and Guidelines (Guidelines) to ...
Read More
old register EWON expanded jurisdiction

EWON expanded jurisdiction and new fee structure

The Energy and Water Ombudsman of NSW (EWON) has announced changes to its Constitution and a new funding model. This follows ...
Read More
solar feed-in tariffs - girl holds the sun

New benchmark for solar feed-in tariffs in NSW

On 3 July, the Independent Pricing and Regulatory Tribunal (IPART) released its final report on the value of solar feed-in ...
Read More
National Energy Retail Law, Bullamalita Rd, Quialigo, Australia

Webinar – Jurisdictional Derogations from the National Energy Retail Law

In this article, we include the transcript and presentation slides from a recent free webinar that examines Jurisdictional Derogations under the ...
Read More
Agreement to convert an existing site to an Embedded Network

Steps required to convert an existing site to an Embedded Network

This content is only available for paid clients
The End of Retailers Discounting the Truth?

The End of Retailers Discounting the Truth?

This week saw the commencement of the AEMC’s rule change ‘putting a stop to pseudo-discount deals that leave consumers worse ...
Read More
Solar Panel installation - PPAs compliance challenges

Power Purchase Agreements – PPAs – new compliance challenges webinar

Solar Power Purchase Agreements are on the rise in Australia. Solar PPAs are regulated primarily through AER's (and in Victoria, ...
Read More
The National Energy Guarantee - a hanging light

National Energy Guarantee Draft framework released

The National Energy Guarantee (NEG) was announced by the Federal Government in April. This followed on from the recommendations made ...
Read More
disconnection rules - moose head

Are you compliant with the disconnection rules?

The Australian Energy Regulator (AER) recently released summaries of compliance audits for 2017 in relating to customer disconnection and AER ...
Read More
innovation opportunities from AEMC review - Sydney Opera House

Three innovation opportunities presented by the AEMC 2018 Retail Energy Competition Review

In today’s article, our focus is not on any regulatory proposals, but three innovation opportunities for energy businesses that are ...
Read More
outsource compliance

Should You Outsource Compliance?

In providing legal, regulatory and compliance services, we see a variety of approaches towards compliance and enable clients to outsource ...
Read More
Distributed Generation

Should Australia follow Argentina and introduce a National Regime for Distributed Generation?

One year ago, I arrived in Buenos Aires for the first time. Heading to a salsa club in the fashionable ...
Read More
new renewable energy projects

May 2018 Energy Roundup: Budget 2018 and New Renewable Energy Projects

May has been another massive month for regulatory and compliance developments in Australia. While April was dominated by the National ...
Read More
Unaccounted For Energy

AEMC consults on fairer allocation of ‘Unaccounted For Energy’ (UFE) across retailers

The Australian Energy Market Commission (AEMC) has just begun consultation on a rule change request that would change National Electricity ...
Read More
Paying electricity bills using Centrepay

Paying electricity bills using Centrepay

It is essential that all businesses in the energy industry understand their obligations to customers undergoing financial hardship. We talked ...
Read More
Three reminders for exempt businesses from the latest AER Compliance Report  

Three reminders for exempt businesses from the latest AER Compliance Report  

The Australian Energy Regulator’s (AER) Quarterly Compliance Report: National Electricity and Gas Laws 1 January – 31 March 2018 was ...
Read More
GDPR: The Legitimate Interests test

GDPR: The Legitimate Interests test

On 25 May the EU General Data Protection Regulation (GDPR) came into force. If you need help in working out ...
Read More
Are electricity prices in Australia being driven by an excessive tax allowance?

Are electricity prices in Australia being driven by an excessive tax allowance?

The Australian Energy Regulator (AER) recently announced a review on how much estimated tax it will allocate when making revenue ...
Read More
The new Registration Guideline for Exempt Persons in Victoria

The new Registration Guideline for Exempt Persons in Victoria

This content is only available for paid clients
When is an electricity discount not a discount?

When is an electricity discount not a discount?

The key driver of rising electricity bills in Australia has been network costs.[1] Accordingly, a range of measures have been ...
Read More
Victoria, other Eastern States and New Zealand: What are the different processes for becoming an Electricity Retailer?

Victoria, other Eastern States and New Zealand: What are the different processes for becoming an Electricity Retailer?

Here at Compliance Quarter, a key focus of ours is supporting Australian energy retailers with licensing, authorisation and general compliance ...
Read More
Six Questions Every Director Should Be Asking About Compliance

Six Questions Every Director Should Be Asking About Compliance

The obligation to ensure adherence to general and specific laws applying to your company’s operations is at the heart of ...
Read More
April Energy Roundup: National Energy Guarantee, Reliability and Consumer Data

April Energy Roundup: National Energy Guarantee, Reliability and Consumer Data

A huge amount of media and public commentary over the last month has been devoted to the National Energy Guarantee ...
Read More
Government Confirms New Framework for Data Availability and Use

Government Confirms New Framework for Data Availability and Use

Government Confirms New Framework for Data Availability and Use - We have discussed the Federal Government’s response to the Productivity ...
Read More
Retail Pricing Information Guidelines

Important changes to Retail Pricing Information Guidelines

By Anne Wardell, Compliance Quarter.  The Australian Energy Regulator (AER) has released new Retail Pricing Information Guidelines (the new Guidelines) which ...
Read More
California Renewable Energy

State Support for Renewable Energy in California

Last week the CEO of PG & E, Geisha Williams, California’s largest utility provider, explained PG & E’s move away ...
Read More
NDB scheme

OAIC releases first quarterly statistics report under the NDB Scheme

By Anne Wardell, Compliance Quarter.  Photo by Jefferson Santos on Unsplash The OAIC has published its first quarterly statistics report ...
Read More
Expanding into the New Zealand electricity retail market? The broad contours of the New Zealand system

Expanding into the New Zealand electricity retail market? The broad contours of the New Zealand system

Last week, New Zealand’s electricity regulator announced that “consumer choice has reached record levels, with 47 different retail brands now ...
Read More
Innovation in the Energy Market

Two Billion Dollar Opportunities for Innovation in the Energy Market

Innovation in the Energy Market - If you believe the news, we are in the midst of an energy crisis ...
Read More
AER Reporting procedures

AER Reporting procedures and guidelines amended

By Anne Wardell, Compliance Quarter.  AER Reporting procedures - The Australian Energy Regulator has released an updated AER (Retail Law) ...
Read More
Think about Key Considerations for Energy Retailers

Five Key Considerations for Energy Retailers

Key considerations for energy retailers - So, your business has decided to obtain an energy retail authorisation? We have seen ...
Read More
The ‘New Reg’ trial: towards increased consumer participation in network regulation

The ‘New Reg’ trial: towards increased consumer participation in network regulation

On 23 March, the Australian Energy Regulator (AER), Energy Consumers Australia and Energy Networks Australia announced the ‘New Reg’ initiative ...
Read More
energy experts

Are you paying lip service to your customer hardship obligations?

Under the National Energy Retail Law (see sections 43-51) and associated Rules (see rules 31 and 71-73), energy retailers have ...
Read More
Solar industry telemarketing practices are under the microscope by the ACMA

Solar industry telemarketing practices are under the microscope by the ACMA

The Australian Communications and Media Authority (ACMA) has ramped up its enforcement activities in relation to telemarketing practices in the ...
Read More
Is embedded generation right for your business? Three questions to ask

Is embedded generation right for your business? Three questions to ask

Supporting compliance in embedded networks is an important focus here at Compliance Quarter. Embedded networks are private electricity networks or ...
Read More
Electricity Retail Regulation Masterclass- Video 1

Electricity Retail Regulation Masterclass- Video 1

This content is only available for paid clients
Compliance Quarter’s March Energy Roundup

Compliance Quarter’s March Energy Roundup

In our March energy news update we summarise the key regulatory changes and consultations announced in March that all energy ...
Read More
New energy zones

New energy zones identified in New South Wales

By Anne Wardell, Compliance Quarter.  The New South Wales Government (government) has lodged a submission with the Australian Energy Market ...
Read More
Solar feed-in tariffs

Solar feed-in tariffs 2018/19 for NSW call for submissions

By Anne Wardell, Compliance Quarter.  The Independent Pricing and Regulatory Tribunal (IPART) has released an Issues Paper for discussion on ...
Read More
EWON Consultation Review

EWON Consultation Review

EWON Consultation Review - Under the new Retail Exemption Guidelines and Network Exemption Guidelines – from July 2018 – All ...
Read More
Revised Exempt Selling

Revised Exempt Selling Guideline released

By Anne Wardell, Compliance Quarter.  The Australian Energy Regulator (AER) has released an updated Retail (Exempt) Selling Guideline Version 5 March ...
Read More
Misconceptions in Embedded Networks

Misconceptions in Embedded Networks: Beware Common Errors

Last Friday we ran a free webinar on the common misconceptions in embedded networks for exempt and authorised retailers. You ...
Read More
Update: Electricity and Other Legislation (Batteries and Premium Feed-in Tariff) Amendment Bill 2018

Update: Electricity and Other Legislation (Batteries and Premium Feed-in Tariff) Amendment Bill 2018

On 15 March 2018, the QLD State Development, Natural Resources and Agricultural Industry Development Committee ('Committee') published its report on the Electricity ...
Read More
Distributor pays $60,000 penalty for alleged breaches: how to ensure your energy business is meeting its c

Distributor pays $60,000 penalty for alleged breaches: how to ensure your energy business is meeting its c

The Australian Energy Regulator (AER) has issued infringement notices to Energex after the distributor allegedly left life support (LS) customers ...
Read More
New Metering Coordinator requirements and Exempt Selling Guideline are in force

New Metering Coordinator requirements and Exempt Selling Guideline are in force

This is a quick update on the Australian Energy Regulator’s recent announcements regarding Metering Coordinator requirements and the revised Exempt ...
Read More
Opportunities for innovators in frequency control? ARENA invests half a million in wind farm feasibility study

Opportunities for innovators in frequency control? ARENA invests half a million in wind farm feasibility study

Opportunities for innovators in frequency control? ARENA invests half a million in wind farm feasibility study. The Australian Renewable Energy ...
Read More
February Fintech Roundup: The Open Banking Review and Fintech lending to SMEs

February Fintech Roundup: The Open Banking Review and Fintech lending to SMEs

February Fintech Roundup: The Open Banking Review and Fintech lending to SMEs. In February we saw the release of two ...
Read More
Embedded Network Managers in Queensland: What's the Deal?

Embedded Network Managers in Queensland: What’s the Deal?

Embedded Network Managers in Queensland: What's the Deal? In a previous post, we looked at the Electricity and Other Legislation ...
Read More
Registration Exemption Guideline

New Registration Exemption Guideline released

By Anne Wardell, Compliance Quarter.  The Australian Energy Regulator (AER) has released an updated Electricity Service Provider - Registration Exemption ...
Read More
unauthorised sale of energy

Property group penalised $60,000 by AER for alleged unauthorised sale of energy

Photo by Jordan Andrews on Unsplash By Anne Wardell, Compliance Quarter.  Property group penalised $60,000 by AER for alleged unauthorised sale of energy ...
Read More
Energy Updates: Customer Hardship.

Energy Updates: Customer Hardship.

This morning we ran a webinar on Customer Hardship. A recording of the webinar is available to our clients via ...
Read More
Shorter maximum timeframes for smart meter installation?

Shorter maximum timeframes for smart meter installation?

The Federal Government announced on 21 February that it has submitted a rule change request to the Australian Energy Market ...
Read More
Feedback sought on Rate of Return methodology for Network Businesses

Feedback sought on Rate of Return methodology for Network Businesses

On 28 February 2018, the Australian Energy Regulator (AER) released three discussion papers as part of their review of the ...
Read More
The QLD Electricity and Other Legislation (Batteries and Premium Feed-in Tariff) Amendment Bill 2018

The QLD Electricity and Other Legislation (Batteries and Premium Feed-in Tariff) Amendment Bill 2018

On 15 February, the Electricity and Other Legislation (Batteries and Premium Feed-in Tariff) Amendment Bill 2018 was introduced to the ...
Read More
the Reliability Obligation

Understanding the Reliability Obligation: Part 2 of the NEG Consultation

We recently discussed the Energy Security Board’s (ESB) consultation on high-level design for the emissions obligation in the National Energy ...
Read More
ACCC compliance and enforcement priorities

ACCC compliance and enforcement priorities for 2018 include energy

In this article, we examine ACCC compliance and enforcement priorities for 2018, including energy and the consumer data right. By ...
Read More
Service Classification, Asset Exemption, Revenue Proposals and RIT Applications: AER seeks feedback

Service Classification, Asset Exemption, Revenue Proposals and RIT Applications: AER seeks feedback

In today’s update, we provide a whirlwind summary of three issues (Service Classification, Asset Exemption, Revenue Proposals and RIT Applications) ...
Read More
Window safety devices

Window safety devices in common areas

By Anne Wardell, Compliance Quarter.  Owners corporations must ensure that all windows fitted to common property, above the ground floor, ...
Read More
AGL pays penalty

AGL pays penalty for failing to inform customers that contract ending

By Anne Wardell, Compliance Quarter.  The AGL group of companies has paid penalties totalling $60,000 in response to three infringement ...
Read More
energy discount expiry

Advance warning of energy discount expiry

By Anne Wardell, Compliance Quarter.  The National Energy Retail Amendment (Notification of end of fixed benefit period) Rule 2017 No ...
Read More
national energy guarantee

Further information on the National Energy Guarantee

Yesterday we received some further information on the National Energy Guarantee in the form of a consultation paper. We have ...
Read More
Explicit Informed Consent

Explicit Informed Consent: Energy Industry Refresher

Explicit informed consent is required to 'switch' a consumer from one retailer to another. Following extensive news and political coverage ...
Read More
energy experts

Webinars with the Energy Experts at Compliance Quarter

In addition to our regular news updates and analysis, the regulatory energy experts at Compliance Quarter have been busy helping ...
Read More
Consultation on Exposure Draft on Australian Consumer Law (ACL) Amendments

Consultation on Exposure Draft on Australian Consumer Law (ACL) Amendments

The Government recently released an exposure draft of a Bill (the draft Bill) capturing many of the recommendations of 2017’s ...
Read More
Are you prepared for 1 April 2018? Five questions about the new registration requirements for the sale or supply of electricity in Victoria

Are you prepared for 1 April 2018? Five questions about the new registration requirements for the sale or supply of electricity in Victoria

The ESC announces registration and provision of key information in relation to the sale or supply of electricity in Victoria ...
Read More
Safety Management system

Safety Management system reporting requirements under review – NSW

Photo by Adam Birkett on Unsplash By Anne Wardell, Compliance Quarter.  The Electricity Supply (Safety and Network Management) Regulation 2014 requires all NSW electricity network ...
Read More
New restrictions on foreign investment in energy infrastructure

New restrictions on foreign investment in energy infrastructure

On February 1, the Commonwealth Government announced new restrictions on foreign investment in energy - future applications for the sale ...
Read More
electricity and gas consumption benchmarks

New electricity and gas consumption benchmarks apply from March 2018

We recently discussed changes to the way in which retail pricing information is communicated to retail customers (see https://compliancequarter.com.au/new-format-communicating-retail-pricing-information-energy-customers/). Another ...
Read More
New format for communicating Retail Pricing Information to energy customers

New format for communicating Retail Pricing Information to energy customers

There has been strong demand over the last few years for improved customer access to information that will help them ...
Read More
Behind the Meter PPA

Webinar Recording: Legal Update: Power Purchase Agreements (PPA’s): Key legal concerns

Under a PPA, the energy consumer pays for electricity consumed or generated from a solar PV system installed on their ...
Read More
embedded network exemptions

Webinar Recording Energy Updates: AEMC taking the axe to Embedded Network Exemptions

If implemented, the AEMC recommendations will effectively take an axe to the existing regulation of embedded networks - embedded network ...
Read More
GEMS Act Review, Renewable Energy Targets and AER announcements: January 2018 Energy Compliance Update

GEMS Act Review, Renewable Energy Targets and AER announcements: January 2018 Energy Compliance Update

With only the first month of the year gone there have already been a range of regulatory initiatives announced that ...
Read More
New law proposed strengthening ATO’s powers: Are you ensuring that your employees get their Superannuation entitlements?

New law proposed strengthening ATO’s powers: Are you ensuring that your employees get their Superannuation entitlements?

The Government is currently seeking submissions on an exposure draft of the Treasury Laws Amendment (Taxation and Superannuation Guarantee Integrity ...
Read More
NSW water compliance reform: Expected changes in 2018

NSW water compliance reform: Expected changes in 2018

NSW irrigators will soon be subject to a host of new water compliance reform obligations, due to a swift government ...
Read More
design obligations

New Design and Distribution Obligations for Financial Products

On 21 December 2017, the Government began consultation on the exposure draft of a new law (the draft Bill) which ...
Read More
energy ombudsman

Strengthening protections for customers requiring life support equipment

Photo by Jair Lázaro on Unsplash By Anne Wardell, Compliance Quarter.  The Australian Energy Market Commission (AEMC) has today released ...
Read More
demand management incentive

The Demand Management Incentive Scheme

Last month we talked about Australian Energy Market Operator (AEMO) and Australian Renewable Energy Agency (ARENA) funding of the ‘Innovative ...
Read More
life support obligations

Who has Life Support Obligations in an Embedded Network?

As part of the ‘Power of Choice’ reforms, on 1 December 2017, the life support notification obligations for embedded networks ...
Read More
Consultation on draft exempt embedded network guidelines (part two): what is a ‘dedicated connection asset’?

Consultation on draft exempt embedded network guidelines (part two): what is a ‘dedicated connection asset’?

Last week we looked at some of the proposals contained in the draft electricity network service provider registration exemption guideline ...
Read More
Embedded Network Operators take note: A new General Exemption Order in Victoria

Embedded Network Operators take note: A new General Exemption Order in Victoria

The sale of electricity in Victoria is regulated by the Electricity Industry Act 2000 (VIC).  Sellers must either operate under ...
Read More
embedded network operators

Taking the Axe to Embedded Network Exemptions

Yesterday we spoke about the final Australian Energy Market Commission (AEMC) report on the regulation of embedded networks. Recommendations from ...
Read More
Consultation on draft exempt embedded network guidelines (part one): embedded network managers take note

Consultation on draft exempt embedded network guidelines (part one): embedded network managers take note

On 17 November, the Australian Energy Regulator (AER) released the latest Draft Guideline – Exemption from Registration as a Network ...
Read More
understanding GDPR

Understanding GDPR: Opportunities and Risks

In this post on understanding GDPR, we'll look at the following: Data Disruption Regulation in the age of Data The ...
Read More
Greater Regulation of Embedded Networks in 2018

Greater Regulation of Embedded Networks in 2018

Today we look at two new publications that will impact the regulation of embedded networks in 2018. This month saw ...
Read More
A new Consumer Data Right for 2018: What we Know So Far

A new Consumer Data Right for 2018: What we Know So Far

On 26 November the Federal Government announced its intention to legislate a national Consumer Data Right next year, following the ...
Read More
energy sandbox

Is it time we had an energy sandbox to encourage innovation?

Should we be looking to collaborate with the energy industry regulators and push for an energy sandbox that will foster ...
Read More
smart contracts

How might smart contracts fit into your 2018 compliance program?

‘Smart contracts’ have not yet taken off as a common commercial tool in Australia. In light of this, consideration of ...
Read More
Embedded Network Manager

Transitional Compliance for Embedded Network Managers (ENM): The Key Facts

The Australian Energy Regulator (AER) has just announced that a transitional compliance approach to the new embedded network manager (ENM) ...
Read More
dispute resolution exempt sellers

The proposed new dispute resolution obligations for exempt sellers

We recently summarised the changes proposed in the new draft retail exempt selling guideline (the draft guideline) issued by the ...
Read More
WIX-Act

The Amending WIC Act: Upcoming regulatory changes for water infrastructure in New South Wales (including recycled water, stormwater and wastewater)

Last week we talked about the Independent Pricing and Regulatory Tribunal NSW (IPART) Review of Compliance and Enforcement Policy (read ...
Read More
minority-shareholders

How minority shareholders might take action against corporation wrongdoing

In the past, we have looked at some of the existing powers and proposed powers that the Australian Securities & ...
Read More
fintech-collaboration

The Australia/NZ FinTech collaboration: Three things to bear in mind if offering FinTech services across the Tasman

On 19 October, the Australian Securities & Investments Commission (ASIC) and New Zealand’s Financial Markets Authority (FMA) “re-affirmed” a commitment ...
Read More
Demand Response Initiative

Innovative demand response programs being trialled for the upcoming summer

On 11 October, the Australian Renewable Energy Agency (ARENA) and the Australian Energy Market Operator (AEMO) jointly announced that 10 ...
Read More
pds

AER seeking feedback on revised Draft Retail Exempt Selling Guideline

By Anne Wardell, Compliance Quarter.  On 6 November 2017 the Australian Energy Regulator (AER) released a revised Draft Retail Exempt ...
Read More
ASIC Innovation

ASIC Annual Report: Current and future directions for compliance

On Thursday, 26 October, the Annual Report of the Australian Securities & Investments Commission (ASIC) was tabled in the House ...
Read More
Data Protection Officer - Which Businesses Need One & What do they do?

Data Protection Officer – Which Businesses Need One & What do they do?

We have previously looked at the sweeping changes to privacy laws coming into effect in the EU. These laws will ...
Read More
Australian Energy Market Commission

IPART review of Compliance and Enforcement Policy

By Anne Wardell, Compliance Quarter.  The Independent Pricing and Regulatory Tribunal NSW (IPART) is currently undertaking a review of its ...
Read More
October FinTech update: The new FinTech services and products to be trialled through the regulatory sandbox

October FinTech update: The new FinTech services and products to be trialled through the regulatory sandbox

Several months ago, we discussed the Government’s announced expansion of the FinTech regulatory sandbox (https://compliancequarter.com.au/regulatory-changes/). It was proposed then to ...
Read More
A poll to pass a resolution not to appoint an Embedded Network Manager– Caravan park operators take note

A poll to pass a resolution not to appoint an Embedded Network Manager– Caravan park operators take note

The AEMC has made a number of rule changes which come in to force on 1 December 2017. The changes ...
Read More
OAIC Annual Report 2017: Three developments of note for businesses that deal with personal information

OAIC Annual Report 2017: Three developments of note for businesses that deal with personal information

The Office of the Australian Information Commissioner (OAIC) released its Annual Report last month. It summarises the work of the ...
Read More
The National Energy Guarantee (NEG)—what we know so far

The National Energy Guarantee (NEG)—what we know so far

On 17 October, the Commonwealth Government announced that it intends to introduce a ‘National Energy Guarantee' (NEG) scheme.[1] The scheme ...
Read More
How network costs drive price in the National Electricity Market: The latest from the ACCC Retail Electricity Pricing Inquiry

How network costs drive price in the National Electricity Market: The latest from the ACCC Retail Electricity Pricing Inquiry

We have looked at a range of reports, inquiries and policies over the last few months which are, at least ...
Read More
National Energy Guarantee - What does it mean for the energy industry?

National Energy Guarantee – What does it mean for the energy industry?

The Turnbull Government yesterday announced that it would accept the recommendation of the Energy Security Board (ESB) for the introduction ...
Read More
All you need to know about the abolition of Limited Merits Review: Six Q & A for the Australian energy industry.

All you need to know about the abolition of Limited Merits Review: Six Q & A for the Australian energy industry.

On 16 October, the federal Government passed the Competition and Consumer Amendment (Abolition of Limited Merits Review) Bill 2017 (the ...
Read More
An update on the OTC derivative client money reforms: be ready for 4 April 2018

An update on the OTC derivative client money reforms: be ready for 4 April 2018

A few months ago, in The low-down on the retail client money reforms for OTC derivatives, we looked at client ...
Read More
Banking Executive Accountability Regime Exposure Draft - Part Two

Banking Executive Accountability Regime Exposure Draft – Part Two

Last time in The Banking Executive Accountability Regime (BEAR) Exposure Draft - Part One we talked about the new role ...
Read More
Revised Compliance procedures and guidelines released for review

Revised Compliance procedures and guidelines released for review

By Anne Wardell, Compliance Quarter The Australian Energy Regulator (AER) has released a consultation draft of proposed new AER Compliance ...
Read More
The Banking Executive Accountability Regime (BEAR) Exposure Draft- Part One

The Banking Executive Accountability Regime (BEAR) Exposure Draft- Part One

In May we talked about the Government’s Budget commitment to a new Banking Executive Accountability Regime (BEAR) in Budget 2017 ...
Read More
Updates to the Compliance HUB

Updates to the Compliance HUB

Today we are pleased to announce a number of updates to the Compliance HUB. The focus of our most recent ...
Read More
news

New review of regulatory arrangements for embedded networks

By Anne Wardell, Compliance Quarter On 12 September 2017 the Australian Energy Market Commission (AEMC) released a Draft Report which ...
Read More
Unfair contract terms

Unfair contract terms

By Anne Wardell, Compliance Quarter UPDATE: In the JJ Richards matter the Federal Court has declared by consent that eight of ...
Read More
embedded-networks

Power of Choice Procedure Changes Package 3 released

By Anne Wardell, Compliance Quarter The Australian Energy Market Operator has released Package 3 changes to amend a number of ...
Read More
AEMC releases draft rule to support a competitive market for ‘behind the meter’ battery storage

AEMC releases draft rule to support a competitive market for ‘behind the meter’ battery storage

By Anne Wardell, Compliance Quarter The Australian Energy Market Commission has released a draft rule to support a competitive market ...
Read More
murray darling basin authority

A braided network of reviews and investigations into the Murray-Darling river basin

On 31 July, the Prime Minister requested the Murray-Darling Basin Authority (MDBA) to consider conducting a nation-wide compliance review (https://www.mdba.gov.au/media/mr/basin-wide-compliance-review) ...
Read More
clean energy

Energy Storage Reforms suggested by the Clean Energy Council

In May 2017, the Clean Energy Council (CEC) released a Briefing Paper, Charging Forward: Policy and regulatory reforms to unlock ...
Read More
superannuation

The superannuation overhaul: seven areas of reform in the draft bill out for consultation

Today we look at proposed changes to regulatory obligations for those operating in the superannuation sector. Namely, the seven key ...
Read More
fintech

An open banking regime for Australia: July fintech update

On July 20, the Government announced that an independent review has been set up to consider the best process for ...
Read More
national energy retail law

Key definitions under the Energy Retail Law

There are some key definitions contained in the Energy Retail Law which need to be understood.  Chapter 10 of the ...
Read More
apra

APRA’s new capital benchmarks for banks

The Australian Prudential Regulation Authority (APRA) has just announced that it is increasing the capital adequacy ratios for banks and ...
Read More
Cyber Security

Government progress on cybersecurity in Australia

Earlier this year, the Government’s cyber security advisor, Alastair MacGibbon, described a “prevailing ‘tick box’ compliance culture” for federal government ...
Read More
risk assessment

AUSTRAC’s risk assessment: three areas where you may need to step up your compliance program

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has just released a report (12 July) Securities & derivatives sector: money ...
Read More
company tax

The Australian Tax Office and the company tax rate for small businesses – what’s all the fuss about?

A key part of the Government’s Budget package last year was a reduction in company tax rates for small businesses ...
Read More
crowdfunding

The Crowd-funding Act and changes to the Australian Market Licence regime: The latest ASIC consultation paper

Most businesses that facilitate the trading of assets or financial instruments (‘market venues’) are required to hold an Australian Market ...
Read More
457 visa changes

The rules for temporary work visas changed (again) on 1 July: An update

In May, we discussed the Government’s announcement that there would be significant changes to Temporary Work (Skilled) (subclass 457) visas, ...
Read More
competition law

Understanding ‘Markets’ in Australian Competition Law: The Recent High Court Decision

On 14 June 2017, the High Court of Australia delivered its decision in Air New Zealand Ltd v ACCC; Pt ...
Read More
finkel review

Prof Garnaut: Does Finkel Solve the Trilemma?

By Anne Wardell, Compliance Quarter Professor Ross Garnaut recently delivered a lecture to the Faculty of Business and Economics at ...
Read More
Competition

AEMC Market Review 2017 and 2016

By Anne Wardell, Compliance Quarter The Australian Energy Market Commission (AEMC) has obtained an extension of the timeframe for publication ...
Read More
deductible gift recipient

Government seeks public input on tax arrangements for environmental organisations and other not-for-profits

The Federal Government has recently issued a discussion paper (the paper) titled Tax Deductible Gift Recipient Reform Opportunities. The proposed ...
Read More
Today, we look at the second plank of the reform proposed by the Commission: The proposed scalable risk framework for data sharing and release.

Productivity Commission Part Two: A new framework for data sharing and release

In our earlier article, The Productivity Commission’s proposed comprehensive consumer right to data, we looked at the new consumer right ...
Read More
Derivatives

OTC derivatives trading in Australia – are you playing by the rules?

Yesterday we mentioned AFSL obligations in relation to OTC derivatives trading by electricity retailers who operate under an energy retail ...
Read More
How to become an electricity retailer

How to become an electricity retailer

It is an interesting time in the energy market. The energy market is currently characterised by structural change and policy ...
Read More
AER releases new billing compliance checks for energy retailers

AER releases new billing compliance checks for energy retailers

We recently looked at changes to compliance reporting guidelines issued by the Australian Energy Regulator (AER), today we examine three ...
Read More
AUSTRAC

The AUSTRAC risk management tool: Are you meeting your obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006?

By Dr. Drew Donnelly, Compliance Quarter. Last month in Financial crime doesn’t pay – three ways in which wrongdoers may ...
Read More
blockchain

Three areas where blockchain could revolutionise compliance in Australia

By Dr. Drew Donnelly, Compliance Quarter. In our last article on blockchain, Understanding smart contracts, we talked through an example ...
Read More
Smart Contracts

Understanding smart contracts

By Dr Drew Donnelly, Compliance Quarter. Continuing in our series of posts on blockchain and related financial technology, today we ...
Read More
Exempt Sellers: the Requirement to hold an Electricity Retail Authorisation or exemption

Exempt Sellers: the Requirement to hold an Electricity Retail Authorisation or exemption

By Anne Wardell and Connor James, Compliance Quarter. A variety of businesses are involved in the sale of energy. These ...
Read More
regtech

From fintech to regtech: a new area for innovation focus

By Dr Drew Donnelly, Compliance Quarter. Today, continuing in our series of articles concerning developments in the fintech regulatory space ...
Read More
blockchain explained

Future possibilities for Australian business with blockchain

By Dr Drew Donnelly, Compliance Quarter. Last year, the Federal Government announced its commitment to Australia being a world-leader in ...
Read More
finkel review

The Australia-Hong Kong Fintech Agreement: Q & A

By Dr Drew Donnelly, Compliance Quarter. On 13 June, The Hong Kong Securities and Futures Commission (SFC) and Australian Securities ...
Read More
privacy

The Productivity Commission’s proposed comprehensive consumer right to data

By Dr Drew Donnelly, Compliance Quarter. Over the last couple of weeks we have asked the question ‘Is your business ...
Read More
AFMA

A stocktake on the fisheries red-tape reduction programme

By Dr Drew Donnelly, Compliance Quarter. The Australian Fisheries Management Authority (AFMA) has just announced that it has passed the ...
Read More
aer

Is Energy Regulation Fit for Purpose? Review of regulatory arrangements for embedded networks – AER submission

By Anne Wardell, Compliance Quarter. In a recent article, Embedded Networks under the spotlight, Connor James outlined the Australian Energy ...
Read More
embedded-networks

Embedded Networks Under the Spotlight

By Connor James, Compliance Quarter. The Australian Energy Market Commission (AEMC) is reviewing the regulatory arrangements for embedded networks. Embedded ...
Read More
phoenix company

Dousing the phoenix: Three measures that could curb this dodgy insolvency practice

By Dr Drew Donnelly, Compliance Quarter. We mentioned last time that the Government is consulting on some options for curbing ...
Read More
energy ombudsman

Complaints Resolution for Exempt Customers

By Anne Wardell, Compliance Quarter. Small customers of authorised retailers and distributors of energy have access to free and independent ...
Read More
Australian Energy Market Commission

Changes to Energy Retail Reporting and Audit Obligations

By Anne Wardell, Compliance Quarter On 9 June 2017, the Australian Energy Regulator (AER) released the following documents: Compliance procedures ...
Read More
BEPS

Combating base erosion and profit-shifting: A primer on the new multilateral tax convention

On 7 June in Paris, 68 nations signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base ...
Read More
fair entitlements guarantee

In the case of business failure: your obligations for employee entitlements

Last month, we discussed recent Senate committee proposals to strengthen the civil penalties regime under the Corporations Act 2001 for ...
Read More
NDB

Is your business prepared for roll out of the Notifiable Data Breaches Scheme?

This is our second post on the Notifiable Data Breaches Scheme. Amendments made to the Privacy Act 1988 (Cth) this ...
Read More
data breach

Notifiable Data Breaches: Draft Resources Released

Last Friday the Office of the Australian Information Commissioner (OAIC) released draft resources to help businesses comply with the Notifiable ...
Read More
GDPR

What will the new EU Privacy Laws mean for your business?

As of 25 May 2018, the European Union General Data Protection Regulation (GDPR) will implement a new extra-territorial data protection ...
Read More
Australian Energy Regulator

State of the Energy Market

Today saw the release of the 2017 State of the Energy Market, a report published by the Australian Energy Regulator ...
Read More
regulatory sandbox

Three ways that financial technology changes can grow your business

In our last article, we talked about some general changes that the Government is making to the financial services industry ...
Read More
budget 2017

Budget 2017 and financial services: an opening for the minnows and a warning for the sharks

Last week we talked about the Government’s new rules for temporary working visas. On 9 May, the release of Federal ...
Read More
ppsr

Hire and Rental Businesses take note: PPSR changes

Are you in the hire or rental business? The law is about to change — and it’s good news On ...
Read More
temporary work visa

The new rules for temporary work visas: seven key changes that every Australian business needs to know

Last month the Government announced sweeping changes to the temporary work visa in Australia. This suite of changes is complex ...
Read More
Position Vacant: Key Account Manager

Position Vacant: Key Account Manager

Located in Erina and Sydney NSW, with an exciting product that solves a significant problem for our customers, we are ...
Read More
compliance management

The Compliance Portal– the Background

In this post we provide some of the background to the compliance portal, why we are doing what we are ...
Read More
corporate compliance

Establishing an Effective Compliance Program: Five Tips

An effective corporate compliance program is essential to good governance and risk management. Many businesses have invested significantly in compliance ...
Read More
selling energy

Selling Electricity: Licence Requirements

A variety of businesses are involved in selling energy. These businesses include caravan parks, building managers, shopping centres, office buildings, ...
Read More