Oct42022 by Connor JamesNo Comments
What are Prejudicial Terms?

What are Prejudicial Terms?

AU Energy Compliance
What are Prejudicial Terms? A key focus of consumer-focused regulation is to address information asymmetry, so that consumers can make informed choices. Sections 47A and 47B of the NSW Fair-Trading Act require that businesses disclose any: key terms that may have a prejudicial impact on the customer; andcommissions received or payable to a third party should the customer proceed with a transaction. The purpose of these disclosure obligations is to ensure that customers are well-informed and have all relevant information required by them to make a decision.   When did this new obligation commence? These disclosure obligations took effect on 1 July 2020. Who regulates this new obligation? As these obligations apply to all sectors of businesses within NSW. The responsibility to monitor and enforce compliance with these obligations rests…
Read More
Mar222018 by Connor JamesNo Comments

New energy zones identified in New South Wales

AU Energy Compliance
By Anne Wardell, Compliance Quarter.  The New South Wales Government (government) has lodged a submission with the Australian Energy Market Operator (AEMO) in relation to AEMO's Integrated System Plan (ISP). The ISP was recommended by the Independent Review into the Future Security of the NEM (Finkel Review). The first ISP is expected to be delivered in June 2018 and AEMO has indicated that it will, 'deliver a strategic infrastructure development plan, based on sound engineering and economics, which can facilitate an orderly energy system transition under a range of scenarios. This ISP will particularly consider: What makes a successful renewable energy zone (REZ) and, if REZs are identified, how to develop them. Transmission development options'. (Source: AEMO ISP page) The government submission was released in March 2018 and it is important…
Read More
Nov22017 by Connor JamesNo Comments
IPART review of Compliance and Enforcement Policy

IPART review of Compliance and Enforcement Policy

AU Energy Compliance, Uncategorized
By Anne Wardell, Compliance Quarter.    The Independent Pricing and Regulatory Tribunal NSW (IPART) is currently undertaking a review of its Compliance and Enforcement Policy with a view to introducing a single policy. The Draft Report was released on 30 October 2017 and submissions will close on 27 November 2017. The new Compliance and Enforcement Policy will commence when the final version is published on the IPART website. This is anticipated to be in December 2017. All organisations and people who are currently regulated by IPART will need to be familiar with the new policy from that date. I have written an article which reviews the Draft Report and you can read the full article here.  
Read More