Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:15
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 15
Character Range: 27814–29154

15  Gas EOI—exception for material change of supplier's circumstances, etc.
  Sections 12 and 13 and subsection 14(1) do not apply if:
 (a) any of the following conditions are satisfied:
 (i) there has been a material change in the supplier's circumstances resulting in the inability of the supplier to supply regulated gas in accordance with the gas EOI;
 (ii) there has been a material change in the supplier's financial circumstances or business structure, and the change will affect the ability of the supplier to supply regulated gas in accordance with the gas EOI;
 (iii) a circumstance specified in a determination under subsection 23(1) exists; and
 (b) the supplier publishes a notice on its website before the end of the gas EOI response period stating that:
 (i) those conditions are satisfied; and
 (ii) the supplier withdraws the gas EOI; and
 (c) in the case of section 13 and subsection 14(1), if the potential buyer gave the supplier, within the gas EOI open period, a notice in writing stating that the potential buyer has an interest in further negotiations in relation to the gas EOI—the supplier gives a notice in writing to the potential buyer before the end of the gas EOI response period stating that:
 (i) those conditions are satisfied; and
 (ii) the supplier withdraws the gas EOI.

Division 2—Gas initial offers