Commonwealth Numbered Acts

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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 51

Withdrawal of quotation of OTN by OTN holder

             (1)  If:

                     (a)  a person (the OTN holder ) has made a quotation of the OTN holder's OTN to a natural gas supplier in relation to a single supply; and

                     (b)  the OTN holder ceases to be permitted or required by this Act to quote the OTN holder's OTN in relation to the supply;

the OTN holder may, by written notice given to the natural gas supplier, withdraw the quotation of the OTN.

             (2)  If:

                     (a)  a person (the OTN holder ) has made a quotation of the OTN holder's OTN to a natural gas supplier in relation to a class of supplies; and

                     (b)  the OTN holder ceases to be permitted or required by this Act to quote the OTN holder's OTN in relation to those supplies;

the OTN holder may, by written notice given to the natural gas supplier, withdraw the quotation of the OTN.



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