Document ID: chunk:federal_register_of_legislation:C2025C00189:section:53s
Version: federal_register_of_legislation:C2025C00189
Segment Type: section
Provision Reference: s 53S
Character Range: 622013–623265

53S  Agreements
 (1) A gas market code may include rules about agreements relating to supplying or acquiring a gas commodity, including:
 (a) rules requiring a gas market participant to enter, or not to enter, into an agreement in specified circumstances; or
 (b) rules about any of the following matters:
 (i) the manner in which an agreement is made (for example, in writing);
 (ii) matters dealt with in an agreement, including, in the case of an agreement to supply or acquire a gas commodity, the matters mentioned in subsection (2);
 (iii) withdrawing from or ending an agreement.
Example: Rules requiring specified matters to be dealt with, or not dealt with, in an agreement.
 (2) For the purposes of subparagraph (1)(b)(ii), the matters are the following:
 (a) how much of the gas commodity is to be supplied or acquired;
 (b) flexibility of the volume of the gas commodity to be supplied or acquired;
 (c) where the gas commodity is to be supplied or acquired;
 (d) when the gas commodity is to be supplied or acquired;
 (e) payment terms;
 (f) a communication protocol for major interruptions to the supply of the gas commodity;
 (g) the period of the agreement;
 (h) the consequences of a breach of the agreement;
 (i) dispute resolution.