New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) If the registry operator or the allocation agent or the critical contingency operator believes, on reasonable grounds, that any other participant has breached the rules, then the registry operator or allocation agent or the critical contingency operator must notify the market administrator of the alleged breach as soon as possible.
(2) The notice must be in writing and must specify—
(a) the participant that is alleged to have breached the rules; and
(b) the rule allegedly breached; and
(c) the alleged circumstances relating to the alleged breach; and
(d) the estimated date and time on which the alleged breach occurred.
(3) The registry operator or allocation agent or critical contingency operator may include notices under subclause (2) in regular reports to the market administrator as agreed between the registry operator or allocation agent or critical contingency operator and the market administrator.
(4) If, during the course of an audit carried out under Part 4 of the Gas (Downstream Reconciliation) Rules 2008 or an audit carried out under regulations 42 and 83 of the Gas Governance (Critical Contingency Management) Regulations 2008, the auditor determines that there may have been an alleged breach of those rules, then the auditor must notify the market administrator of that alleged breach at the same time as it provides the final audit report to the industry body.
Regulation 11(1): amended, on 4 December 2008, by regulation 6(1) of the Gas Governance (Compliance) Amendment Regulations 2008 (SR 2008/427).
Regulation 11(3): amended, on 4 December 2008, by regulation 6(2) of the Gas Governance (Compliance) Amendment Regulations 2008 (SR 2008/427).
Regulation 11(4): amended, on 4 December 2008, by regulation 6(3) of the Gas Governance (Compliance) Amendment Regulations 2008 (SR 2008/427).