Commonwealth Numbered Regulations - Explanatory Statements

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PETROLEUM RETAIL MARKETING SITES REGULATIONS (AMENDMENT) 1995 NO. 235

EXPLANATORY STATEMENT

STATUTORY RULES 1995 No. 235

Issued 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.

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 Regulation (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 on 1 August 1995;

Regulation 2 is formal;

Regulation 3 amends Schedule 1 of the Principal Regulations to insert the prescribed oil companies' new site quota entitlements.


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