Competition and Consumer Act 2010

A gas market code may include rules about agreements relating to supplying or acquiring a gas commodity, including:

rules requiring a gas market participant to enter, or not to enter, into an agreement in specified circumstances; or

rules about any of the following matters:

the manner in which an agreement is made (for example, in writing);

matters dealt with in an agreement, including, in the case of an agreement to supply or acquire a gas commodity, the matters mentioned in subsection (2);

withdrawing from or ending an agreement.

Rules requiring specified matters to be dealt with, or not dealt with, in an agreement.

For the purposes of subparagraph (1)(b)(ii), the matters are the following:

how much of the gas commodity is to be supplied or acquired;

flexibility of the volume of the gas commodity to be supplied or acquired;

where the gas commodity is to be supplied or acquired;

when the gas commodity is to be supplied or acquired;

payment terms;

a communication protocol for major interruptions to the supply of the gas commodity;

the period of the agreement;

the consequences of a breach of the agreement;

dispute resolution.