Section 53RCompetition and Consumer Act 2010 (Cth)

Negotiations, expressions of interest and offers

Negotiations

(1) A gas market code may include rules about negotiations relating to supplying or acquiring a gas commodity.

Expressions of interest

(2) A gas market code may include rules about expressions of interest relating to supplying or acquiring a gas commodity, including:

(a) rules requiring a gas market participant to issue, or not to issue, an expression of interest in specified circumstances; or

(b) rules about any of the following matters:

(i) matters to which regard is had before issuing an expression of interest;

(ii) the manner in which an expression of interest is issued (for example, in writing);

(iii) information that is included in an expression of interest or made available in connection with an expression of interest (including the manner in which the information is made available);

(iv) the content of an expression of interest;

(v) the period during which an expression of interest is open;

(vi) responding to an expression of interest;

(vii) dealing with a response to an expression of interest, including by providing information, making an offer or entering into an agreement;

(viii) withdrawing an expression of interest.

Offers

(3) A gas market code may include rules about offers relating to supplying or acquiring a gas commodity, including:

(a) rules requiring a gas market participant to make, or not to make, an offer in specified circumstances; or

(b) rules about any of the following matters:

(i) matters to which regard is had before making an offer;

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

(iii) information that is included in an offer, or made available in connection with an offer (including the manner in which the information is made available);

(iv) the content of an offer;

(v) the period during which an offer is open;

(vi) responding to an offer;

(vii) dealing with a response to an offer, including by providing information;

(viii) withdrawing an offer.

Sourced from the Federal Register of Legislation at 22 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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