Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:18
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 18
Character Range: 32999–34019

18  Gas initial offer—if notice of interest, supplier must issue gas final offer
 (1) 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 potential buyer gives the supplier, within the gas initial offer open period, a notice in writing stating that the potential buyer has an interest in receiving a gas final offer in relation to the gas initial offer; and
 (d) the supplier fails, within the gas initial offer response period, to issue the potential buyer a gas final offer in relation to the gas initial offer.
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, during the gas initial offer open period, the potential buyer gives the supplier a buyer gas final offer in relation to the gas initial offer.