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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 57 Quotation of OTN--use of natural gas as a feedstock

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 57

Quotation of OTN--use of natural gas as a feedstock

             (1)  If:

                     (a)  during an eligible financial year, a natural gas supplier supplies an amount of natural gas to another person (the recipient ); and

                    (aa)  it may reasonably be expected that the natural gas is wholly or partly for use by the recipient; and

                     (b)  the natural gas is withdrawn from a natural gas supply pipeline for the purposes of the use; and

                     (c)  the withdrawal takes place in Australia; and

                     (d)  it is intended that the whole or a part of that amount will be used as a feedstock;

the recipient may quote the recipient's OTN in relation to the supply.

             (2)  Before the first occasion on which the recipient quotes the recipient's OTN to the natural gas supplier under this section, the recipient must:

                     (a)  give the natural gas supplier written notice of the recipient's intention to quote the recipient's OTN under this section; and

                     (b)  do so at least:

                              (i)  28 days; or

                             (ii)  if the natural gas supplier and the recipient agree on a lesser number of days--that lesser number of days;

                            before that first occasion.

Civil penalty provision

             (3)  Subsection (2) is a civil penalty provision .

Note:          Part 17 provides for pecuniary penalties for breaches of civil penalty provisions.