Commonwealth Numbered Regulations - Explanatory Statements

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PETROLEUM RETAIL MARKETING SITES REGULATIONS (AMENDMENT) 1994 NO. 40

STATUTORY RULES 1994 No. 40

Issued by Authority of the Minister for Industry, Technology and Regional Development

Petroleum Retail Marketing Sites Act 1980

Petroleum Retail Marketing Sites Regulations (Amendment)

Sub-section 10(2) of the Act provides that a prescribed oil company (not being a member of a group of prescribed corporations) shall not operate, during a month, a number of retail sites exceeding the number of retail sites specified in the regulations in relation to that company in relation to that month (the site quota).

The Petroleum Retail Marketing Sites Regulations (Amendment) (the amending Regulations) amend the Petroleum Retail Marketing Sites Regulations (the Principal Regulations) to grant Mobil Oil Australia Limited (Mobil), which is a prescribed oil company, a temporary increase in the number of retail sites which it may operate during the period commencing on 1 June 1993 and ending on 31 August 1994 from 91 to 145.

On 1 June 1993, Mobil assumed 100% control of four previously part-owned distributorships, Kelinda Pty Ltd, Barroraft Pty Ltd, Mid Coast Petroleum Pty Ltd and Ray Jackson Pty Ltd which, in turn control a total of 67 retail sites, principally in country areas.

The need for retrospectivity steins from the unavoidable administrative delays experienced in negotiating a mutually acceptable time frame for locating suitable equity partners, and the identification of the actual numbers of retail sites involved. The purpose of the proposed increase is to allow time for Mobil to reduce its share holdings without breaching the site quota provisions of the Act.