Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:4:p2
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 4 (pt 2/4)
Character Range: 9303–11847

supplier, in the gas EOI open period, a notice in writing stating that the other person has an interest in further negotiations in relation to the gas EOI—35 business days later.
gas final offer: a gas final offer is an offer to supply regulated gas that:
 (a) is in a form that is capable of being accepted; and
 (b) if accepted, gives rise to a binding agreement to supply regulated gas.
gas final offer open period: if a person (the supplier) issues a gas final offer to another person (the potential buyer), the gas final offer open period is the period that:
 (a) starts on the day after the supplier issues the gas final offer; and
 (b) ends on the latest of the following:
 (i) the day specified in a document accompanying the gas final offer;
 (ii) if the supplier and the potential buyer, in writing, fix a specified later day—that day.
Note: For subparagraph (b)(i), the day specified in the document accompanying the gas final offer must be (see subsection 20(3)):
(a) if the supplier and the potential buyer fix a day in writing before the issue of the gas final offer—that day; or
(b) otherwise—no earlier than 15 business days after the day on which the gas final offer is issued.
gas initial offer: an offer of basic terms forming the basis of negotiations for the purposes of entering into a binding agreement for the person making the offer to supply regulated gas is a gas initial offer if acceptance of the offer does not result in the entering into of such an agreement (but may lead to negotiations for the purposes of entering into such an agreement).
gas initial offer open period: if a person (the supplier) issues a gas initial offer to another person (the potential buyer), the gas initial offer open period is the period that:
 (a) starts on the day after the supplier issues the gas initial offer; and
 (b) ends on the latest of the following:
 (i) the day specified in the gas initial offer;
 (ii) if the gas initial offer is varied or reissued—the day specified in the varied or reissued gas initial offer;
 (iii) if the supplier and the potential buyer, in writing, fix a specified later day—that day.
Note: For subparagraph (b)(i), the day specified in the gas initial offer must be (see subsection 16(3)):
(a) if the supplier and the potential buyer fix a day in writing before the issue of the gas initial offer—that day; or
(b) otherwise—no earlier than 15 business days after the day on which the gas initial offer is issued.
gas initial offer response period: if a person (the supplier) issues a gas initial