CTHRepealedAct
Clean Energy Act 2011
52Withdrawal of quotation of OTN by agreement
Start here
Get a plain-English read of 52
Turn the raw legal text into a practical explanation grounded in Clean Energy Act 2011.
#### 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 gaseous fuel supplier in relation to a single supply; and
(b) the gaseous fuel supplier was not required by this Act to accept the quotation; and
(c) the gaseous fuel supplier agrees to the withdrawal of the quotation;
the OTN holder may, by written notice given to the gaseous fuel supplier, withdraw the quotation.
(2) If:
(a) a person (the OTN holder) has made a quotation of the OTN holder’s OTN to a gaseous fuel supplier in relation to a class of supplies; and
(b) the gaseous fuel supplier was not required by this Act to accept the quotation; and
(c) the gaseous fuel supplier agrees to the withdrawal of the quotation;
the OTN holder may, by written notice given to the gaseous fuel supplier, withdraw the quotation.