Document ID: chunk:federal_register_of_legislation:C2025C00189:section:53r
Version: federal_register_of_legislation:C2025C00189
Segment Type: section
Provision Reference: s 53R
Character Range: 619991–622013

53R  Negotiations, expressions of interest and offers

Negotiations
 (1) A gas market code may include rules about negotiations relating to supplying or acquiring a gas commodity.

Expressions of interest
 (2) A gas market code may include rules about expressions of interest relating to supplying or acquiring a gas commodity, including:
 (a) rules requiring a gas market participant to issue, or not to issue, an expression of interest in specified circumstances; or
 (b) rules about any of the following matters:
 (i) matters to which regard is had before issuing an expression of interest;
 (ii) the manner in which an expression of interest is issued (for example, in writing);
 (iii) information that is included in an expression of interest or made available in connection with an expression of interest (including the manner in which the information is made available);
 (iv) the content of an expression of interest;
 (v) the period during which an expression of interest is open;
 (vi) responding to an expression of interest;
 (vii) dealing with a response to an expression of interest, including by providing information, making an offer or entering into an agreement;
 (viii) withdrawing an expression of interest.

Offers
 (3) A gas market code may include rules about offers relating to supplying or acquiring a gas commodity, including:
 (a) rules requiring a gas market participant to make, or not to make, an offer in specified circumstances; or
 (b) rules about any of the following matters:
 (i) matters to which regard is had before making an offer;
 (ii) the manner in which an offer is made (for example, in writing);
 (iii) information that is included in an offer, or made available in connection with an offer (including the manner in which the information is made available);
 (iv) the content of an offer;
 (v) the period during which an offer is open;
 (vi) responding to an offer;
 (vii) dealing with a response to an offer, including by providing information;
 (viii) withdrawing an offer.