53SAgreements

53S  Agreements  (1) A gas market code may include rules about agreements relating to supplying or acquiring a gas commodity, including:  (a) rules requiring a gas market participant to enter, or not to enter, into an agreement in specified circumstances; or  (i) the manner in which an agreement is made (for example, in writing);  (ii) matters dealt with in an agreement, including, in the case of an agreement to supply or acquire a gas commodity, the matters mentioned in subsection (2);  (iii) withdrawing from or ending an agreement. Example: Rules requiring specified matters to be dealt with, or not dealt with, in an agreement.  (2) For the purposes of subparagraph (1)(b)(ii), the matters are the following:  (a) how much of the gas commodity is to be supplied or acquired;  (b) flexibility of the volume of the gas commodity to be supplied or acquired;  (c) where the gas commodity is to be supplied or acquired;  (d) when the gas commodity is to be supplied or acquired;  (e) payment terms;  (f) a communication protocol for major interruptions to the supply of the gas commodity;  (g) the period of the agreement;  (h) the consequences of a breach of the agreement;  (i) dispute resolution.