Regulator’s power to require information from industry participant

In force

(1)

This section applies if the regulator reasonably believes an industry participant has information that will help the regulator assess the current or probable future sufficiency of supply of a covered gas.Examples of information in relation to sufficiency of supply of a covered gas—

• gas production and estimated future production, by location

• gas purchases, by location

• gas supplied and future contractual obligations to supply, by location

• the number of customers in each stated class of customer

• transportation prices

• gas prices for a stated class of customer

• estimated reserves of coal seam gas and natural gas

(2)

The regulator may, by notice, require the industry participant to give the regulator in the approved form stated information of a type mentioned in subsection (1), at stated reasonable times or intervals.

(3)

The direction must be accompanied by, or include, an information notice about the decision to give the direction.

Note—

245 Regulator’s power to require information from industry participant