Clause 22

by deleting the words “a gas transporter or an LNG terminal operator” in the following provisions and substituting in each case the words “a gas licensee”:Sections 33(1), 34(1), (5), (6)(a) and (d) and (7) and 35(2);

by deleting the words “the affairs, business and property of that gas transporter or LNG terminal operator” in section 33(1) and substituting the words “all or any of the affairs, business and property of that gas licensee”;

by deleting the words “the gas transporter and relevant gas shippers, or of the LNG terminal operator, as the case may be” in section 33(1)(b) and substituting the words “that gas licensee”;

by deleting paragraphs (a), (b) and (c) of section 33(2) and substituting the following paragraphs:“(a)the security or reliability of the supply of gas to the public;

the survival of the gas licensee, or the whole or part of its business or undertaking for which it is authorised by its licence to carry on, as a going concern;

the transfer to another company, or (with respect to different parts of the area to which the gas licensee’s licence relates, or different parts of its business or undertaking) to 2 or more different companies, as a going concern, of such of the gas licensee’s undertakings as is necessary to transfer in order to ensure that the functions and duties which have been vested in the gas licensee by virtue of its licence may be properly carried out; or”;

by deleting the words “gas transporter or LNG terminal operator” in the following provisions and substituting in each case the words “gas licensee”:Sections 33(2)(d), 34(1)(a) and (2)(a) and 35(1) and (2);

by deleting the words “any undertaking” in section 33(3) and substituting the words “the transfer of the gas licensee’s business or undertaking”;

by deleting subsection (4) of section 33;

by deleting paragraphs (b) and (c) of section 34(1) and substituting the following paragraphs:“(b)an order requiring the gas licensee to immediately take any action or do or not do any act or thing in relation to that part of its business or undertaking to which its gas licence relates as the Minister may consider necessary;

an order appointing a person to advise the gas licensee on the proper conduct of that part of its business or undertaking to which its gas licence relates.”;

by deleting paragraph (c) of section 34(2) and substituting the following paragraph:“(c)the Minister considers it in the interest of the security or reliability of the supply of gas to the public; or”;

by inserting, immediately after subsection (3) of section 34, the following subsection:“(3A) Any order made by the Minister under subsection (1) must be published in such manner as will secure adequate publicity.”;

by deleting the words “a gas transporter or an LNG terminal operator” in section 34(6)(b) and substituting the words “a gas licensee without the consent of the Authority”; and

by deleting the words “a gas transporter’s or an LNG terminal operator’s property” in section 34(6)(c) and substituting the words “a gas licensee’s property”.