Biofuels Act 2007
17AIPART functions
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17A IPART functions
17A IPART functions
(1) IPART has the following functions—
(a) to determine, and periodically review, a reasonable wholesale price for ethanol for use in the production of petrol-ethanol blend,
(b) to monitor the retail market (including prices) for petrol-ethanol blend and make reports to the Minister on the effect of a determination under paragraph (a) on that market.
(2) In determining a reasonable wholesale price for ethanol, IPART must—
(a) consider the price at which ethanol would need to be sold by wholesale for use in the production of petrol-ethanol blend for the wholesale market for ethanol and petrol-ethanol blend and the retail market for petrol-ethanol blend to be economically viable, and
(b) take into account the minimum biofuel requirements and disregard any exemptions from those requirements that may be granted under this Act.
(3) IPART may conduct investigations for the purpose of enabling it to perform its functions under this section.
(4) Subject to this section, and except to the extent to which the regulations otherwise provide, the provisions of Divisions 6 and 7 of Part 3 of the Independent Pricing and Regulatory Tribunal Act 1992 apply to an investigation or report under this section in the same way as they apply to an investigation or report under that Act.
(5) Section 21 (1) of the Independent Pricing and Regulatory Tribunal Act 1992 does not apply so as to require IPART to hold any hearing for the purposes of an investigation under this section.
(6) IPART may issue guidelines as to the manner in which it exercises its functions under this section.
(7) IPART must keep the guidelines available for inspection by members of the public, free of charge, during normal office hours.
(8) It is sufficient compliance with subsection (7) if a copy of the guidelines is made available to the public on IPART’s website.
(9) Copies of the guidelines are to be made available to members of the public, at cost, during normal office hours.
pt 3A (s 17A): Ins 2016 No 12, Sch 2 [31].