CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 52 Withdrawal of quotation of OTN by agreement
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.