Section 19 - Competition and Consumer (Gas Market Code) Regulations 2023 - Gas initial offer—exceptions for material change of supplier’s circumstances, agreement to terminate or withdraw, etc.

19 Gas initial offer—exceptions for material change of supplier’s circumstances, agreement to terminate or withdraw, etc.

Section 17 and subsection 18(1) do not apply if:

(a) there has been a material change in the supplier’s circumstances resulting in the inability of the supplier to supply regulated gas in accordance with the gas initial offer; or

(b) all of the following apply:

(i) there has been a material change in the supplier’s financial circumstances or business structure;

(ii) the change will affect the ability of the supplier to supply regulated gas in accordance with the gas initial offer; or

(d) the supplier and the potential buyer agreed to the withdrawal or termination; or

(e) the potential buyer gave the supplier written notice, before the end of the gas initial offer open period, that the potential buyer withdraws from the negotiation process.

19Gas initial offer—exceptions for material change of supplier’s circumstances, agreement to terminate or withdraw, etc.

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