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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 OTN

Scope

             (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.