Commonwealth Numbered Regulations - Explanatory Statements

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PETROLEUM RETAIL MARKETING SITES REGULATIONS (AMENDMENT) 1992 NO. 52

STATUTORY RULES 1992 No. 52

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

Petroleum Retail Marketing Sites Act 1980

Petroleum Retail Marketing Sites Regulations (Amendment)

The Petroleum Retail Marketing Sites Act 1980 (the Act) is designed to reduce the influence of major integrated oil companies in the retail market (and thus maintain the role of small independent businesses in the industry) by establishing quotas on the number of outlets which each company may directly operate.

In the Second Reading Speech to the Petroleum Retail Marketing Sites Amendment Act 1984, the Minister administering the Act undertook to review the oil companies' site quota entitlements every three years and to adjust them in line with their average market share over that period. The Petroleum Retail Marketing Sites Regulations (Amendment) (the amending Regulations) amend the Petroleum Sites Retail Marketing Regulations (the Principal Regulations) to implement the latest review of oil companies' site quota entitlements.

The amending Regulations amend the Principal Regulations as follows:

Regulation 1 provides that the Regulations commence an 1 March 1992;

Regulation 2 is formal;

Regulation 3 amends subregulation 4(1) of the Principal Regulations to provide that the new companies, site quota entitlements apply in relation to any month after February 1992; and

Regulation 4 amends Schedule 1 of the Principal Regulations to insert the new companies' site quota entitlements.