Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:28
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 28
Character Range: 48403–48985

28  Offer on gas trading exchange for supply of regulated gas—price under offer exceeds reasonable price
 (1) A person (the supplier) contravenes this subsection if:
 (a) the supplier is a covered supplier; and
 (b) the supplier makes an offer on a gas trading exchange for the supply of regulated gas; and
 (c) the price under the offer, for that gas, exceeds a reasonable price.
 (2) Subsection (1) is a civil penalty provision.
 (3) Subsection (1) applies only if making the offer mentioned in paragraph (1)(b) is gas market conduct described in subsection 53ZZA(1) of the Act.