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Fuel Industry Bill

Introduced under Urgency on June 30. The Bill implements the govt’s response to the Commerce Commission’s market study on the liquid fuels sector. The main provisions are regulation of the wholesale market requiring the supply of petrol to retailers under regulated contract and rules around the advertising of retail prices. Sent to the Finance and Expenditure Committee to be reported back by July 21 with the govt intending to pass it before Parliament dissolves. Reported back on July 21 with a large number of minor changes notably to underline it was not about price fixing. Remaining stages completed under Urgency on Aug 5 with all parties in support but with National expressing reservations including the lack of detail around regulations.

Fuel Industry Bill