A mandatory reporting obligation will apply to selected petroleum data from 1 January 2018. Activities such as the producing, refining, wholesaling and holding of stocks of products such as crude oil, LPG, petrol, diesel, bitumen, lubricants and alternative transport fuels such as biofuel will need to be reported.
Why is mandatory reporting of petroleum data important?
Currently, the Australian Government collects petroleum market data through a voluntary business activity survey. Due to changes in the petroleum market, participation in the survey has declined, so the accuracy and coverage of the resulting Australian Petroleum Statistics has reduced.
The Australian Petroleum Statistics are used by business, government, international organisations and others to monitor the transport fuel market. For example, businesses use the statistics to monitor trends, evaluate market performance and prioritise investment. The Australian Government uses the statistics to monitor Australia's fuel supply security and compliance with our obligations as a member of the International Energy Agency (IEA).
The introduction of mandatory reporting will ensure the Australian Petroleum Statistics can continue to be a reliable source of accurate information on the transport fuels market.
The Petroleum and Other Fuels Reporting Act 2017 (the Act) commenced operation on 24 August 2017. The Act is supported by the Petroleum and Other Fuels Reporting Rules 2017 (the Rules), which came into effect on 15 November 2017. The Rules set out the detailed mandatory reporting requirements for businesses.
What does mandatory reporting mean for my business?
Mandatory reporting will commence on 1 January 2018, with the first reports due by 15 February 2018.
The Australian Government is working with affected businesses to help them understand their reporting obligations.
Guidance Notes and Reporting Templates will be released soon.
The mandatory reporting scheme has been developed in consultation with transport fuel and other relevant industries. Further information on the the consultation undertaken to date is available below.
Petroleum and Other Fuels Reporting Rules—Exposure draft, 2017
The Petroleum and Other Fuels Reporting Rules 2017 Exposure Draft was released on 7 June 2017. This consultation closed on Friday 14 July 2017.
Targeted consultation on biofuels, oils, lubricants, greases, waxes, solvents and petroleum coke—Discussion papers
The discussion papers, released 24 February 2017, sought additional input from potentially affected stakeholders engaged in activities involving one or more of the covered products: biofuels, base oils, lubricants, greases, waxes, solvents and petroleum coke. This consultation closed on Friday 31 March 2017.
Preferred design for mandatory reporting
Following stakeholder consultation, the Department of the Environment and Energy developed a Preferred Design for Mandatory Reporting of Petroleum Statistics to set out its understanding of how scheme might best work in light of stakeholder feedback and scheme objectives. The paper was released on 20 December 2016 for information only.
Mandatory reporting of petroleum statistics—consultation paper
The consultation paper, released on 15 September 2016, included questions relevant to data users, existing reporters, potential reporters and other businesses active in the petroleum market. The response period closed on 28 October 2016.
For further information on mandatory reporting of petroleum statistics please contact:
- Email: petroleum.statistics [at] environment.gov.au
- Australian Petroleum Statistics Australian Government