Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:26
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 26
Character Range: 47047–47769

26  Agreement for supply of regulated gas—entering into agreement where price could exceed reasonable price
 (1) A person (the supplier) contravenes this subsection if:
 (a) the supplier is a covered supplier; and
 (b) the supplier enters into an agreement for the supply of regulated gas; and
 (c) under the agreement, the supplier is to supply regulated gas to another person; and
 (d) the price payable under the agreement, for regulated gas to be supplied by the supplier, could exceed a reasonable price.
 (2) Subsection (1) is a civil penalty provision.
 (3) Subsection (1) applies only if entering into the agreement mentioned in paragraph (1)(b) is gas market conduct described in subsection 53ZZA(1) of the Act.