Commonwealth Numbered Acts

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 43

             (1)  If a person holds an OTN, the Regulator may, by written notice given to the person, cancel the OTN.

             (2)  The Regulator must not cancel a person's OTN under subsection (1) unless the Regulator is satisfied that:

                     (a)  the person is not permitted or required, and is unlikely to be permitted or required, by this Act to quote the OTN in relation to the supply to the person of an amount of natural gas; or

                     (b)  the person has breached this Act or an associated provision.

             (3)  If:

                     (a)  a person has ceased to exist; and

                     (b)  immediately before the person ceased to exist, the person held an OTN;

the Regulator must cancel the OTN.