Licence application not to be granted unless standard form contract approved
50 Licence application not to be granted unless standard form contract approved
Despite section 19, the Authority must not grant or renew, or approve a transfer of, a retail licence or an integrated regional licence unless —
the applicant or the proposed transferee has submitted a draft form of contract as required by section 49; and
the Authority has approved the standard form contract under which the applicant or proposed transferee will supply electricity to small use customers pursuant to the licence.
If when a retail licence or an integrated regional licence was granted or renewed, or the transfer of a retail licence or an integrated regional licence was approved, subsection (1) did not apply because of section 49(3), the licensee may at any subsequent time submit to the Authority a draft of a standard form contract under which the licensee will supply electricity to small use customers pursuant to the licence if the standard form contract is approved by the Authority.
[Section 50 amended: No. 10 of 2024 s. 23.]
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