Section 53A — Competition and Consumer Act 2010: Simplified outline

The regulations may prescribe rules (known as gas market codes) regulating conduct relating to supplying or acquiring gas. Without limiting what may be included in a gas market code, a gas market code may include rules that: (a) regulate dealings between persons who supply or acquire gas, including negotiations and agreements between such persons; or (b) deal with resolving disputes between persons who supply or acquire gas. The Minister may make orders (known as gas market emergency price orders) regulating the terms (including prices) on which gas is supplied or acquired. Note: The terms on which gas is supplied or acquired may also be regulated by a gas market code. A person must not enter into a scheme for the purpose of avoiding the application of a gas market code or a gas market emergency price order. Consequences of contravening the gas market provisions include civil penalties, infringement notices, warning notices and orders under Part VI.