This note is not part of the amendment but is intended to indicate its general effect.

This amendment to the Electricity Industry Participation Code 2010 (Code) comes into force on 15 May 2025.

The amendment amends Parts 1, 11, and 14 the Code as part of the Authority’s Code amendment omnibus number five by:

a. introducing a “serious financial breach (trader/retailer)” provision, with similar thresholds to that of a distributor serious financial breach which would permit a trader to trigger the trader default process if a retailer defaults on its payments;

b. introducing a prohibition on traders from disconnecting the retailer’s customers prior to or during the trader default process;

c. making certain consequential amendments, including to permit the Authority to issue appropriate notices to the defaulting retailer and to assign the defaulting retailer’s contracts and any associated ICPs as part of the trader default process.