Clean Energy Act 2011
52Withdrawal of quotation of OTN by agreement
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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.