EXPLANATORY STATEMENT
STATUTORY RULES 1988 NO. 222
Petroleum Retail Marketing Sites Act 1980
Petroleum Retail Marketing Sites Regulations (Amendment)
Issued by Authority of the Minister for Industry, Technology and Commerce.
The purpose of the Regulation is to amend Schedule 1 (“Specified Numbers of Retail Sites”) of the Regulations to the Petroleum Retail Marketing Sites Act 1980 to vary the number of petrol retailing sites each prescribed oil company may operate from 1 November 1988.
The numbers of such outlets are varied triennially in accordance with average movements in each company’s relative market share over the period in question.