24Contents of contracts for sale of retail business

24 Contents of contracts for sale of retail business

(1)  In this section –

contract means –

(a) an agreement, arrangement, undertaking, warranty or contract; or

(b) any part of an agreement, arrangement, undertaking, warranty or contract;

purchaser, in relation to transferring business, means a person to whom all or part of the transferring business is sold under section 23 ;

sale contract means a contract under section 23 for the sale of any part of transferring business and includes –

(a) part of any such contract; and

(b) any amendment, to such a contract, that is effected in any manner agreed by the parties to the contract;

sale day, in relation to any part of the transferring business sold under section 23 , means the day on which the sale of the transferring business is to take effect;

transferor, in relation to transferring business of Aurora Energy, or a subsidiary of Aurora Energy, means Aurora Energy or the subsidiary, respectively;

transferring business means any part of the retail business of Aurora Energy, or of a subsidiary of Aurora Energy, that is sold under section 23 .

(2)  A sale contract may –

(a) specify conditions including, but not limited to including –

(i) conditions relating to the transfer of the transferring business to which the sale contract relates; and

(ii) conditions relating to the payment of consideration; and

(b) provide that a right under a contract specified in the sale contract is held by the transferor or the purchaser; and