Second Reading Speeches

National Fuelwatch (Empowering Consumers) Bill 2008

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
42

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Summary

Introduced with the National Fuelwatch (Empowering Consumers) (Consequential Amendments) Bill 2008, the bill establishes a National Fuelwatch Scheme to be implemented and administered by the Australian Competition and Consumer Commission (ACCC) which requires petrol retailers to notify the ACCC of their next day’s fuel prices by 2 pm each day and maintain this notified price for a 24-hour period from 6 am the next day. Also confers compliance and enforcement powers upon the ACCC.