Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:14
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 14
Character Range: 26761–27814

14  Gas EOI—if notice of interest, supplier must issue offer
 (1) A person (the supplier) contravenes this subsection if:
 (a) the supplier is a covered supplier; and
 (b) the supplier issues a gas EOI; and
 (c) the supplier gives another person (the potential buyer), within the gas EOI response period, a notice stating that the other person is "successful" in relation to the gas EOI; and
 (d) the supplier fails to give the potential buyer, within the gas EOI response period:
 (i) unless subparagraph (ii) applies—a gas initial offer in relation to the gas EOI; or
 (ii) if the potential buyer gives the supplier notice in writing for the purposes of this subparagraph—a gas final offer in relation to the gas EOI.
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.
 (2) Subsection (1) does not apply if the supplier does not receive any response during the gas EOI open period from the potential buyer (other than a notice of a kind mentioned in paragraph 13(c)).