50Deemed exemption for subordinate contract or transaction notice not determining price

50  Deemed exemption for subordinate contract or transaction notice not determining price

  The civil penalty provisions in Part 4 (other than section 28) do not apply if all of the following conditions are satisfied:

 (a) the agreement is a subordinate contract, or transaction notice, under a gas master supply agreement;

 (b) the price of the regulated gas to be supplied under the subordinate contract or transaction notice was determined under the gas master supply agreement or under another contract;

 (c) the subordinate contract or transaction notice does not include a provision determining that price.