Commonwealth legislation

Competition and Consumer Act 2010 - Monitoring of the Prices, Costs and Profits Relating to the Supply of Unleaded Petroleum Products in the Petroleum Industry in Australia (09/05/2011)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

The ministerial direction requires the ACCC to monitor prices, costs and profits of unleaded petrol in Australia from 17 December 2011 to 17 December 2012 and report findings to the Parliamentary Secretary by 17 December 2012. It targets petrol retailers and wholesalers, aims to boost pricing transparency and curb potential price gouging, and affects drivers by informing government oversight.

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Current sections

Direct links to the current provisions in Competition and Consumer Act 2010 - Monitoring of the Prices, Costs and Profits Relating to the Supply of Unleaded Petroleum Products in the Petroleum Industry in Australia (09/05/2011).

Competition and Consumer Act 2010 - Monitoring of the Prices, Costs and Profits Relating to the Supply of Unleaded Petroleum Products in the Petroleum Industry in Australia (09/05/2011)

AustGovt_crest

Commonwealth of Australia

Competition and consumer act 2010

MONITORING OF THE PRICES, COSTS AND PROFITS RELATING TO THE SUPPLY OF UNLEADED PETROLEUM PRODUCTS IN THE PETROLEUM INDUSTRY IN AUSTRALIA

I, David Bradbury, Parliamentary Secretary to the Treasurer, pursuant to section 95ZE of the Competition and Consumer Act 2010, hereby direct:

the Australian Competition and Consumer Commission (ACCC) to monitor the prices, costs and profits relating to the supply of unleaded petroleum products in the petroleum industry in Australia for one year, effective from 17 December 2011;
the ACCC to report to me on its monitoring activities in paragraph (1); and
the report of the ACCC to be provided by 17 December 2012.

Dated this 9th day of May 2011

David Bradbury

parliamentary secretary to the treasurer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Competition and Consumer Act 2010 - Monitoring of the Prices, Costs and Profits Relating to the Supply of Unleaded Petroleum Products in the Petroleum Industry in Australia (09/05/2011)