CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 228 Record-keeping requirements--quotation of OTN
CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 228
Record-keeping requirements--quotation of OTNScope
(1) This section applies if:
(a) a person (the supplier ) supplies an amount of natural gas to another person (the recipient ); and
(b) the recipient quotes the recipient's OTN in relation to the supply.
Record-keeping requirements
(2) The supplier must retain:
(a) the statement by which the quotation was made; or
(b) a copy of that statement;
for 5 years after the quotation occurred.
(3) The recipient must:
(a) make a copy of the statement by which the quotation was made; and
(b) retain that copy for 5 years after the quotation occurred.
Civil penalty
(4) Subsections (2) and (3) are civil penalty provisions .
Note: Part 17 provides for pecuniary penalties for breaches of civil penalty provisions.