Financially Responsible Organisation definition

Financially Responsible Organisation or ‘FRO’ means, in relation to a supply point, the person identified in the metering register as the Market Participant responsible, at the relevant time, for settling the account relating to that supply point.
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Examples of Financially Responsible Organisation in a sentence

  • A ‘delivery point’ is also added to a customer list and becomes a ‘Delivery Point’ where the user at that delivery point is the Financially Responsible Organisation or the Local Area Retailer.The definitions and use of the phrase ‘delivery point’ have been reviewed and amended for consistency and to ensure the meaning is clear throughout the RSA.

  • When a user becomes the Financially Responsible Organisation (FRO) for a delivery point, the site becomes a Delivery Point under the user’s RSA and is included on the Customer List.

  • AEMO may request the customer to re-confirm any approved allowance on an annual basis.• Retailer curtailment information submission that must be provided no later than 28 February in each year, with respect to customers for which it is the Financially Responsible Organisation.

Related to Financially Responsible Organisation

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • Accountable care organization or “ACO” means an organization of health care providers that has a formal legal structure, is identified by a federal Taxpayer Identification Number, and agrees to be accountable for the quality, cost, and overall care of the patients assigned to it.

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • international organisation means an organisation and its subordinate bodies governed by public international law, or any other body which is set up by, or on the basis of, an agreement between two or more countries.

  • Health care organization ’ means any person or en-

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the University, which may include for example: activities such as research, research consultation, teaching, professional practice, University committee memberships, and service on panels such as Institutional Review Boards or data and safety monitoring boards.

  • Managed care organization means an entity that (1) is under contract with the department to provide services to Medicaid recipients and (2) meets the definition of “health maintenance organization” as defined in Iowa Code section 514B.1.

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • research organisation means a legal entity established as a non-profit organisation which carries out research or technological development as one of its main objectives;

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Educational organization means a nonprofit public or private elementary or

  • Official responsibility means administrative or operating authority, whether intermediate or final, to initiate, approve, disapprove or otherwise affect a procurement transaction, or any claim resulting therefrom.

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Substantially Responsive Bid means the bid that contains no material differences or deviations from, or reservations to, the terms, conditions and specifications given in the bidding documents;

  • Managed Care Organization (MCO) means a contracted health delivery system providing capitated or prepaid health services, also known as a Prepaid Health Plan (PHP). An MCO is responsible for providing, arranging, and making reimbursement arrangements for covered services as governed by state and federal law. An MCO may be a Chemical Dependency Organization (CDO), Dental Care Organization (DCO), Mental Health Organization (MHO), or Physician Care Organization (PCO).

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • CERCLA means the Comprehensive Environmental Response, Compensation and Liability Act of 1980.

  • Eligible organization means a veterans, charitable, educational, religious, fraternal,

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Labor organization means any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and that exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work.