Commonwealth Numbered Regulations - Explanatory Statements

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PETROLEUM RETAIL MARKETING SITES REGULATIONS (AMENDMENT) 1991 NO. 72

STATUTORY RULES 1991 No. 72

Issued by Authority of the Minister for Industry, Technology and Commerce.

Petroleum Retail Marketing Sites Act 1980

Petroleum Retail Marketing Sites Regulations (Amendment)

The purpose of the Regulation is to grant Mobil Oil Australia Limited (Mobil), which is a prescribed oil company, an increase in the number of retail sites which it may operate and to remove Esso Australia Limited (Esso) as a prescribed oil company for the purposes of the Act including the removal of its quota of directly operated sites.

Earlier this year Mobil obtained the approval of the Foreign Investment Review Board to purchase the marketing and refining operations of Esso. Under the Petroleum Retail Marketing Sites Regulations (the Principal Regulations) Mobil currently has a quota of 57 retail sites which it may directly operate and Esso has a quota of 36.

The acquisition of Esso's retailing and refining operations would, once the 4 month period allowed for temporary operation of those retail sites elapses (section 8 of the Act), result in Mobil exceeding its quota of directly operated sites. In accordance with established practice in a situation where a prescribed oil company takes over the retailing operations of another prescribed oil company the Principal Regulations are amended allow the transfer of the Esso's quota to Mobil.