48Quotation of OTN

48 Quotation of OTN

(1) If a person (the OTN holder) holds an OTN, the OTN holder makes a quotation of the OTN to a gaseous fuel supplier in relation to a supply of natural gas, liquefied petroleum gas or liquefied natural gas by the gaseous fuel supplier to the OTN holder if: (a) the OTN holder makes a statement to the gaseous fuel 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 gaseous fuel supplier in relation to that class of supplies.