Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) This section applies if, immediately before the commencement day, a retailer and small customer were parties to a negotiated customer contract for the sale of energy under the Utilities Act 2000 (other than a feed-in contract).
(2) On the commencement day, the negotiated customer contract becomes a market retail contract (a transitioned market retail contract ) between the retailer and customer on the terms and conditions of the negotiated customer contract immediately before the commencement day.
(3) Subject to section 53, the National Energy Retail Law (ACT) applies to a transitioned market retail contract in the same way that it applies to a market retail contract formed under that Law.
(4) However, the customer may exercise any right to withdraw from the transitioned market retail contract during a cooling-off period under the terms and conditions of the negotiated customer contract immediately before the commencement day.