Commonwealth Numbered Regulations - Explanatory Statements

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PETROLEUM RETAIL MARKETING SITES REGULATIONS (AMENDMENT) 1995 NO. 234

EXPLANATORY STATEMENT

STATUTORY RULES 1995 No. 234

by Authority of the Minister for Industry, Science and Technology

Petroleum Retail Marketing Sites Act 1980

Petroleum Retail Marketing Sites Regulations (Amendment)

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.

The Petroleum Retail Marketing Sites Regulation (Amendment) (the amending Regulations) amend the Petroleum Sites Retail Marketing Regulations (the Principal Regulations) to implement the merger of Caltex Oil (Australia) Pty Limited (Caltex) and Ampol Limited (Ampol) into the new entity of Australian Petroleum Pty Ltd on 1 June 1995.

The amending Regulations amend the Principal Regulations as follows:

Regulation 1 provides that the operative part of this amendment (Regulations 3 and 4) commence retrospectively to 1 June 1995;

Regulation 2 is formal;

Regulation 3 amends the definition of 'prescribed oil company' so as to include a reference to Australian Petroleum Pty Ltd in the place of the previously existing entities of Caltex and Ampol;

Regulation 4 specifies the quota applicable to the new entity of Australian Petroleum Pty Ltd, being the combined quota of the previously existing entities of Caltex and Ampol;

Regulation 5 preserves rights under section 12 of the Act in the period since 1 June 1995 in order to comply with section, 48 of the Acts Interpretation Act 1901.


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