24Cooling off period

24 Cooling off period

(1) A retailer may terminate a fuel re‑selling agreement, or an agreement to enter into a fuel re‑selling agreement, within 7 days after the earlier of: (a) entering into the agreement; or (b) paying any money under the agreement. (2) Subclause (1) does not apply to the renewal, extension or transfer of an existing fuel re‑selling agreement. (3) If the retailer terminates an agreement under subclause (1), the supplier must, within 14 days, repay all money paid by the retailer to the supplier under the agreement. (4) However, the supplier may deduct from the amount to be repaid the supplier’s reasonable expenses if the expenses, or the method of calculation of the expenses, have been set out in the agreement.