Competition and Consumer (Gas Market Code) Regulations 2023
48Deemed exemption for gas swap agreements
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48 Deemed exemption for gas swap agreements
(1) The civil penalty provisions in Division 1 of Part 3, and the civil penalty provisions in Parts 5 and 6 to the extent that they relate to a gas EOI, do not apply if the gas EOI relates to a proposed supply of regulated gas under a gas swap agreement.
(2) 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 the gas initial offer relates to a proposed supply of regulated gas under a gas swap agreement.
(3) 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 the gas final offer relates to a proposed supply of regulated gas under a gas swap agreement.
(4) 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 the agreement is a gas swap agreement.