SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 99BRDL
Obligation to negotiate in good faith
SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 99BRDL
Obligation to negotiate in good faith
99BRDL Obligation to negotiate in good faith
(1) This section applies if—
(a) a distributor-retailer proposes to another
entity that they enter into a water infrastructure agreement; or
(b) another
entity proposes to a distributor-retailer that they enter into a water
infrastructure agreement.
(2) The distributor-retailer or other entity to
whom the proposal is made must, in writing, tell the proponent if it agrees to
entering into negotiations for an infrastructure agreement.
(3) In
negotiating an infrastructure agreement, the distributor-retailer and the
other entity must act in good faith.
Examples of actions that subsection (3)
requires—
• disclosing to the other party to the negotiation in a timely
way information relevant to entering into the proposed agreement
•
considering and responding in a timely way to the other party’s proposals
about the proposed agreement