Arrangements for Insolvent Retailers
On 18 October 2010 the E-Gas group of companies went into liquidation. At the request of the Minister of Energy and Resources, Gas Industry Co assisted the Ministry of Economic Development and Parliamentary Counsel Office to prepare the Gas Governance (Insolvent Retailers) Regulations 2010.
The recommendation to the Acting Minister of Energy and Resources is that the Regulations be revoked by the operation of regulation 19, and that Gas Industry Co commence work to consider whether a generic regulatory solution is required to address retailer insolvency, and if so, to develop the form of that solution.
Insolvent Retailers Regulations - Recommendation to the Minister