Federal Register of Legislation - Australian Government

Primary content

Directions/Other as made
This instrument is a direction by the Treasurer to the Australian Competition and Consumer Commission to monitor the prices, costs and profits relating to the supply of petroleum products and related services.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 03
Registered 29 Jan 2019
Tabling HistoryDate
Tabled HR12-Feb-2019
Tabled Senate12-Feb-2019

 

 

 

 

COMPETITION AND CONSUMER ACT 2010

 

MONITORING OF PRICES, COSTS AND PROFITS RELATING TO THE SUPPLY OF PETROLEUM PRODUCTS IN THE PETROLEUM INDUSTRY IN AUSTRALIA

I, Scott Morrison, Treasurer, pursuant to section 95ZE of the Competition and Consumer Act 2010, hereby direct:

 

1.    the Australian Competition and Consumer Commission (ACCC) to monitor the prices, costs and profits relating to the supply of petroleum products and related services in the petroleum industry in Australia for two years, effective from 20 December 2017;

 

2.    the ACCC to report to me on its monitoring activities in paragraph (1) at least quarterly.

 

3.   the Direction commences the day after registration.

 

 

DATED THIS 20TH DAY OF DECEMBER 2017

 

 

Scott Morrison

TREASURER