47Deemed exemption for export

47  Deemed exemption for export

 (1) The civil penalty provisions in Division 2 of Part 3, and the civil penalty provisions in Parts 5 and 6 to the extent that they relate to a gas initial offer, do not apply if, at the time the gas initial offer is issued, the person to whom the gas initial offer is issued intends to export the regulated gas intended to be supplied in accordance with the gas initial offer, from Australia in a liquid state.

 (2) The civil penalty provisions in Division 3 of Part 3, and the civil penalty provisions in Parts 5 and 6 to the extent that they relate to a gas final offer, do not apply if, at the time the gas final offer is issued, the person to whom the gas final offer is issued intends to export the regulated gas intended to be supplied in accordance with the gas final offer, from Australia in a liquid state.

 (3) The civil penalty provisions in Part 4 and the civil penalty provisions in Parts 5 and 6 (other than section 41), to the extent that they relate to an agreement to supply regulated gas, do not apply if, at the time the agreement is entered into, the person to whom the regulated gas is to be supplied under the agreement intends to export the regulated gas from Australia in a liquid state.