Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:17
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 17
Character Range: 32239–32999

17  Gas initial offer must not be withdrawn or terminated before end of gas initial offer open period or gas initial offer response period
  A person (the supplier) contravenes this subsection if:
 (a) the supplier is a covered supplier; and
 (b) the supplier issues a gas initial offer to another person (the potential buyer) (whether or not in relation to a gas EOI); and
 (c) the supplier withdraws or terminates the gas initial offer before the end of:
 (i) unless subparagraph (ii) applies—the gas initial offer open period; or
 (ii) if there is a gas initial offer response period—the gas initial offer response period.
Civil penalty:
 (a) for a body corporate—6,000 penalty units; and
 (b) for a person other than a body corporate—1,200 penalty units.