Property company Stockland pays five infringement notices for selling electricity without an exemption

Sector: 
Category: 
Infringement notice
Release date: 
13 September 2016
Related provisions: 

Section 88 of the National Energy Retail Law

Overview

Property company Stockland Corporation Ltd (Stockland) has paid penalties totalling $100 000 after the AER issued it with five infringement notices for allegedly selling electricity at a shopping centre in New South Wales and four other sites in Queensland, including two retirement villages without holding a retail authorisation or exemption.

Stockland also provided the AER with an undertaking that it will not sell energy without a valid authorisation or exemption and that it will implement a Retail Law compliance program.

The company which provided Stockland with energy management for one of the properties, Energy Intelligence, provided the AER with a court enforceable undertaking to ensure it complies with the Retail Law.