Chris Bowen (Prospect, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

to move—

That the House:

(1)

notes:

(a)

the Government’s failure to direct the Australian Competition and Consumer Commission (ACCC) to formally monitor the prices, costs or profits in the petroleum industry;

(b)

that the comments made by Mr Brian Cassidy, Chief Executive Officer of the ACCC, to Senate Estimates that the ACCC would need formal price monitoring powers to gain access to information from the oil companies to adequately monitor profits, margins and costs; and

(c)

that Labor’s announcement to appoint a national Petroleum Commissioner, with the sole responsibility to formally monitor and investigate, within the ACCC would ensure Australian motorists are getting a fair go at the bowser; and

(2)

calls on the Government to provide the ACCC with a reference under section 95ZE of the Trade Practices Act 1974 to formally monitor fuel process in Australia.

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