Diversified property group Stockland Corporation Ltd (Stockland), has paid $100,000 in fines to the Australian Energy Regulator (AER), after being issued with five (5) infringement notices for allegedly selling energy to tenants within shopping centres and retirement villages in Queensland and NSW without holding a relevant retail licence or exemption.
Under section 88 of the Retail Law, a person (the seller) must not engage in the activity of selling energy to a person for premises unless the seller is the holder of a current retailer authorisation, or the seller is an exempt seller.
Stockland elected to comply with the infringement notices issued by the AER and pay the associated penalties rather than defend any subsequent proceedings brought by the AER in respect of the alleged breach.
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 an Energy Retail Law compliance program.
In addition, the company which provided Stockland with energy management and billing services for one of the properties provided the AER with a court enforceable undertaking to ensure that it complies with the Energy Retail Law.