54Notice of proposed or anticipated stoppage of provision of regulated service

54 Notice of proposed or anticipated stoppage of provision of regulated service

(1)  If a regulated entity proposes to stop, or anticipates stopping, all or part of the provision of a regulated service, the regulated entity must not stop providing the regulated service unless the regulated entity has given at least 60 business days' notice in writing to the Regulator of the proposed or anticipated stoppage.

Penalty:  Fine not exceeding 100 penalty units.

(2)  The notice given under subsection (1) must specify the day on which the regulated entity proposes to stop or anticipates stopping the provision of all or part of a regulated service.

(3)  If the regulated entity continues providing all or part of a regulated service after the day specified in the notice, the notice ceases to have effect as a notice under subsection (1) .

(4)  If the regulated entity again proposes to stop, or anticipates stopping, the provision of all or part of a regulated service, the regulated entity must give a further notice under subsection (1) .

Penalty:  Fine not exceeding 100 penalty units.

(5)  If the regulated entity stops providing all or part of a regulated service, whether or not a notice has been provided under subsection (1) , the regulated entity must give the Regulator notice immediately or as soon as practicable after stopping the provision of all or part of that regulated service.

Penalty:  Fine not exceeding 100 penalty units.