Monitoring of Prices, Costs and Profits Relating to the Supply of Petroleum Products in the Petroleum Industry in Australia (Cth)

COMPETITION AND CONSUMER ACT 2010

MONITORING OF PRICES, COSTS AND PROFITS RELATING TO THE SUPPLY OF PETROLEUM PRODUCTS IN THE PETROLEUM INDUSTRY IN AUSTRALIA

I, Scott Morrison, Treasurer, pursuant to section 95ZE of the Competition and Consumer Act 2010, hereby direct:

1. the Australian Competition and Consumer Commission (ACCC) to monitor the prices, costs and profits relating to the supply of petroleum products and related services in the petroleum industry in Australia for two years, effective from 20 December 2017;

1. the ACCC to report to me on its monitoring activities in paragraph (1) at least quarterly.

3.   the Direction commences the day after registration.

DATED THIS 20^TH DAY OF DECEMBER 2017

Scott Morrison

TREASURER