Z Energy weighs in on ‘excessive’ fuel amendment bill
The bill amends the Fuel Industry Act with the threat of price regulation, to incentivise wholesale suppliers to offer competitive terminal gate prices.
The amendment bill’s aim is to ensure competitive terminal gate prices.
Fuel retailer Z Energy is critical of a bill before Parliament that could wield a tough regulatory stick if the market was operating anti-competitively.
The Economic Development, Science and Innovation Select Committee has been hearing submissions on the Fuel Industry Amendment Bill today.
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