New Zealand Legislation: Regulations

30 Approval of critical contingency management plan

• (1) No later than 5 business days after receiving a recommendation to approve under regulation 29(3), the industry body must—

  • (a) approve or decline to approve the proposed critical contingency management plan or proposed amendment; and

  • (b) give notice to the relevant transmission system owner and the critical contingency operator of its determination and the reasons for its determination.

  (2) The industry body must approve the proposed critical contingency management plan or proposed amendment if—

  • (a) it receives a recommendation for approval from the expert adviser under regulation 29(3); and

  • (b) the industry body considers that the proposed critical contingency management plan or proposed amendment complies with regulation 25 and gives effect to the purpose of these regulations.

  (3) If the industry body gives notice under subclause (1)(b) that it has declined to approve the proposed critical contingency management plan or proposed amendment, the relevant transmission system owner, no later than 10 business days after receiving that notice,—

  • (a) must revise the proposed critical contingency management plan in response to the reasons given in that notice, and resubmit the proposed plan to the industry body for approval; or

  • (b) may revise the proposed amendment in response to the reasons given in that notice, and resubmit the proposed amendment to the industry body for approval.

  (4) Regulations 27 to 30 apply to a proposed plan or proposed amendment resubmitted for approval under subclause (3).

  (5) The industry body must publish a proposed plan or proposed amendment resubmitted for approval under subclause (3).