Document ID: chunk:federal_register_of_legislation:F2023L00994:reg:4:p1
Version: federal_register_of_legislation:F2023L00994
Segment Type: reg
Provision Reference: reg 4 (pt 1/4)
Character Range: 6926–9522

4  Definitions
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) agreement (see section 53B of the Act);
(b) Australia (see subsection 53E(2) of the Act);
(c) expression of interest (see section 53B of the Act);
(d) gas (see section 53B of the Act);
(e) gas exchange (see section 53B of the Act);
(f) offer (see section 53B of the Act).
 (1) In this instrument:
Act means the Competition and Consumer Act 2010.
AEMO has the same meaning as in the Renewable Energy (Electricity) Act 2000.
affiliate of a regulated gas producer: see subsection 6(3).
annual turnover has the same meaning as in the Corporations Act 2001.
buyer gas final offer: a buyer gas final offer is an offer to acquire regulated gas that:
 (a) is in a form that is capable of being accepted; and
 (b) if accepted, gives rise to a binding agreement to acquire regulated gas.
conditional Ministerial exemption means a conditional Ministerial exemption under subsection 61(1).
counted gas: see subsection 55(4).
covered supplier: see subsection 6(1).
Energy Department means the Department administered by the Energy Minister.
Energy Minister means the Minister administering the Australian Energy Market Act 2004.
foundational agreement means an agreement for the supply of regulated gas where all the regulated gas will be sourced from undeveloped reserves, future development of contingent resources or prospective resources.
gas day means the period of 24 hours starting at 6 am Australian Eastern Standard Time.
gas EOI: a gas EOI is an expression of interest for the purpose of ascertaining whether a person is interested in acquiring regulated gas.
Note: Gas EOI is short for gas expression of interest.
gas EOI open period: if a person issues a gas EOI, the gas EOI open period is the period that:
 (a) starts on the day the person issues the gas EOI; and
 (b) ends on the day specified in the gas EOI.
Note: The day specified in the gas EOI must be at least 20 business days after the day on which the gas EOI is issued (see subsection 10(3)).
gas EOI response period: if a person (the supplier) issues a gas EOI, the gas EOI response period is the period that:
 (a) starts on the day after the end of the gas EOI open period; and
 (b) ends:
 (i) 25 business days later; or
 (ii) if there are more than 24 other persons, each of which gives the supplier, in the gas EOI open period, a notice in writing stating that the other person has an interest in further negotiations in relation to the gas EOI—35 business days later.
gas final offer: a gas final offer is an