CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 48 Quotation of OTN

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 48

             (1)  If a person (the OTN holder ) holds an OTN, the OTN holder makes a quotation of the OTN to a natural gas supplier in relation to a supply of natural gas by the natural gas supplier to the OTN holder if:

                     (a)  the OTN holder makes a statement to the natural gas supplier in connection with:

                              (i)  the supply; or

                             (ii)  a class of supplies that includes the supply; and

                     (b)  the statement is in writing; and

                     (c)  the statement sets out:

                              (i)  the words "quotation of OTN" followed by the OTN; and

                             (ii)  the name of the OTN holder; and

                            (iii)  if the OTN holder has an ABN--the ABN; and

                            (iv)  such other information (if any) as is specified in the regulations.

Note:          For example, if the OTN holder's OTN is 123456, a statement could include the words "quotation of OTN 123456".

             (2)  A statement under subsection (1) may be included in a contract, order or similar document, whether or not in electronic form.

             (3)  If the statement under subsection (1) is made in connection with a class of supplies, the OTN holder is taken, for the purposes of this Act, to have made a quotation of the OTN to the natural gas supplier in relation to that class of supplies.