The Australian Government consulted on the design of mandatory reporting to help ensure the new approach meets the needs of Australian Petroleum Statistics users while minimising the regulatory burden on business.
The Competition and Consumer (Industry Codes — Oilcode) Regulation 2006 (Oilcode) regulates the conduct of suppliers, distributors and retailers in the petroleum marketing industry. The Department of Industry has a regulatory requirement, resulting from the 2008 review of the code (see section 3 of this paper), to undertake a review of the Oilcode.
This review results from the sunsetting provisions that require a review to assess if the legislative instrument remains adequate and relevant. Options presented in this paper include, repealing, parliamentary roll over, or remaking the Oilcode.
This paper sets out the former Department of the Environment and Energy evaluation of stakeholders’ preferred design framework for mandatory reporting based on the responses received.