Document ID: chunk:federal_register_of_legislation:F2023L01730:reg:7
Version: federal_register_of_legislation:F2023L01730
Segment Type: reg
Provision Reference: reg 7
Character Range: 8883–10542

7  Details relating to agreements to supply regulated gas for 12 months or more
 (1) If a covered supplier enters into an agreement to supply regulated gas over a period of 12 months or more, the supplier must make a record of each of the following details about the agreement:
 (a) if the price payable for the regulated gas under the agreement is calculated using the Consumer Price Index, whether the formula is calculated using a base year, including:
 (i) the base quarter;
 (ii) the base year;
 (iii) frequency with which the price payable is escalated by the Consumer Price Index;
 (b) if the agreement has a fixed price component for the regulated gas (excluding GST), the following:
 (i) the price for the fixed price component for each year of the agreement;
 (ii) the currency terms of the fixed price component;
 (iii) the pricing formula for the regulated gas;
 (c) if the agreement has a commodity linked slope component, the following:
 (i) the commodity linked slope for each year of the agreement;
 (ii) the relevant commodity;
 (iii) the measurement period;
 (iv) the pricing formula for the regulated gas;
 (d) if the agreement has a take or pay multiplier, the take or pay multiplier for each year of the agreement, including:
 (i) if the take or pay multiplier varies—the variation; or
 (ii) if there is an average of the take or pay multiplier—that average;
 (e) if the agreement has a load factor, the load factor for the first and all subsequent years the load factor is active.
 (2) A covered supplier is to keep a record of a detail mentioned in subsection (1) for a period of 6 years starting after the agreement was entered into.