23Giving disclosure document and other information

23 Giving disclosure document and other information

(1) Subject to subclause (3), a person who proposes to transfer a fuel re‑selling business must: (a) give a disclosure document in relation to the agreement to the proposed transferee; and (b) give to the supplier in relation to the business: (i) details of the consideration for the proposed transfer; and (ii) a copy of the disclosure document; and (iii) all details reasonably required by the supplier for the supplier to decide whether to consent to the transfer. (2) The supplier must give to the proposed transferee, or an adviser authorised by the proposed transferee, access to information that is: (a) held by the supplier or the supplier’s associates; and (b) necessary to test the reasonableness of financial details mentioned in the disclosure document. (3) If the proposed transferee is the supplier in relation to the business: (a) the supplier may waive the requirement to be given the disclosure document under paragraph (1)(a); and (b) subparagraph (1)(b)(ii) does not apply; and (c) subclause (2) does not apply.