60Simplified outline of this Part

#### 60 Simplified outline of this Part • An entity must not engage in price exploitation in relation to the carbon tax repeal. • The Commission may monitor prices in relation to the carbon tax repeal and the carbon tax scheme. • An entity must not make false or misleading representations about the effect of the carbon tax repeal, or the carbon tax scheme, on the price for the supply of goods or services. • An entity that sells electricity or natural gas, or an entity that is a bulk SGG importer and sells synthetic greenhouse gas, will be required to explain and substantiate: (a) how the carbon tax repeal has affected, or is affecting, the entity’s regulated supply input costs; and (b) how reductions in the entity’s regulated supply input costs that are directly or indirectly attributable to the carbon tax repeal are reflected in the prices charged by the entity for regulated supplies of electricity, natural gas or synthetic greenhouse gas. • An entity that sells electricity or natural gas to customers, or an entity that is a bulk SGG importer and sells synthetic greenhouse gas to customers, must: (a) give a carbon tax removal substantiation statement to the Commission; and (b) include in the statement the entity’s estimate, on an average annual percentage price basis, or an average annual dollar price basis, of the entity’s cost savings that have been, are, or will be, attributable to the carbon tax repeal and that have been, are being, or will be, passed on to customers during the financial year that began on 1 July 2014; and (c) provide information with the statement that substantiates such an estimate; and (d) in a case where the entity sells electricity or natural gas to customers—communicate to customers a statement that identifies, on an average annual percentage price basis, or an average annual dollar price basis, the estimated cost savings to customers that are for the financial year that began on 1 July 2014. • Infringement notices may be issued for certain contraventions of this Part.