The conduct of suppliers, distributors and retailers in the downstream petroleum marketing industry is regulated by the Competition and Consumer (Industry Codes - Oil) Regulation 2017 (the Oil Code of Conduct), of which the Australian Government has oversight.
The Oil Code of Conduct is a mandatory industry code under Section 51AE of the Competition and Consumer Act 2010. Due to sunsetting conventions the Oil Code of Conduct replaced the Competition and Consumer (Industry Codes–Oilcode) Regulation 2006 (the 2006 Regulations) effective 1 April 2017.
The Oil Code of Conduct applies a nationally consistent approach to terminal gate pricing arrangements, with the aim of improving transparency in wholesale pricing and ensure all customers, including small businesses, can get access to petroleum products at the terminal gate.
An independent dispute resolution scheme is established under the Oil Code of Conduct, including a dispute resolution adviser, to provide the industry with a cost-effective alternative to taking action through the civil courts.
- Oil Code Review Final Report
The Review determined a legislative process should be undertaken to remake the Regulations.
- Oil Code Review Options Paper
The department developed an Options Paper which proposed three options to address the review's terms of reference, and stakeholders' concerns.
- Oil Code Review Issues Paper
Submissions on the Issues Paper were considered in developing the Options Paper.
The Competition and Consumer (Industry Codes—Oil) Regulations 2017 (Oil Code) was independently reviewed by Ernst & Young. The purpose of the review was to assess whether the Oil Code was achieving its policy objectives and identify areas of improvement. Further information on the review is available below.
For more information about the Oil Code of Conduct, please email email@example.com