Home›Bills›Bill 126

📜 Electricity Industry Amendment (Alternative Electricity Services) Bill 2023

Assented toLABill 12616 August 2023

Amends the Electricity Industry Act 2004 to establish a registration framework for alternative electricity services and makes consequential amendments to the Electricity Act 1945.

Impact

Businesses providing alternative electricity services, small use customers, and the Coordinator of Energy are affected. It aims to regulate new electricity service models, ensuring consumer protection and grid stability.

Key Changes

["Introduces a registration requirement for alternative electricity service providers.", "Defines 'alternative electricity service' and related terms.", "Establishes an AES code of practice.", "Grants the Authority powers to monitor and enforce compliance."]

Parliamentary Progress

LA IntroducedLA16 Aug 2023
LA Second Reading MovedLA16 Aug 2023
LA Third ReadingLA16 Nov 2023
LA Second Reading AgreedLA16 Nov 2023
LA Consideration in DetailLA16 Nov 2023
LC Second Reading MovedLC16 Nov 2023
LC Second Reading AgreedLC19 Mar 2024
LC Third ReadingLC20 Mar 2024
LC Consideration in DetailLC16 Apr 2024
LC AmendedLC16 Apr 2024
Royal Assent22 Apr 2024

Affected Sectors

utilitiesresources

Penalty Provisions6 found

💰 Max fine: $100,000regulatory · unclear

59D.(1)Regulatoryboth

Providing an alternative electricity service without registration

Fine: $100,000

“Penalty for this subsection: (a) a fine of $100 000; (b) a daily penalty of a fine of $5 000 for each day or part of a day during which the offence continues.”

59ZPRegulatory

Failure to comply with enforceable undertakings

“59ZP. Failure to comply with enforceable undertakings 31”

s. 7(1)Unclearboth

Violation of section 7(1)

Fine: $100,000

“Penalty for this subsection: (a) a fine of $100 000; (b) a daily penalty of a fine of $5 000 for each day or part of a day during which the offence continues.”

s. 7(2)Unclearboth

Violation of section 7(2)

Fine: $100,000

“Penalty for this subsection: (a) a fine of $100 000; (b) a daily penalty of a fine of $5 000 for each day or part of a day during which the offence continues.”

s. 7(3)Unclearboth

Violation of section 7(3)

Fine: $100,000

“Penalty for this subsection: (a) a fine of $100 000; (b) a daily penalty of a fine of $5 000 for each day or part of a day during which the offence continues.”

s. 7(4)Unclearboth

Violation of section 7(4)

Fine: $100,000

“Penalty for this subsection: (a) a fine of $100 000; (b) a daily penalty of a fine of $5 000 for each day or part of a day during which the offence continues.”

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