Commonwealth Numbered Acts

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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 52

Withdrawal of quotation of OTN by agreement

             (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 natural gas supplier was not required by this Act to accept the quotation; and

                     (c)  the natural gas supplier agrees to the withdrawal of the quotation;

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

             (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 natural gas supplier was not required by this Act to accept the quotation; and

                     (c)  the natural gas supplier agrees to the withdrawal of the quotation;

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



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