Gas (Market Transparency) Amendment Bill - Amendment paper No 634
Gas (Market Transparency) Amendment Bill - Amendment paper No 634
Gas (Market Transparency) Amendment Bill - Amendment paper No 634
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No 634
House of Representatives
Amendment Paper
Gas (Market Transparency) Amendment Bill
Proposed amendments
Hon Simeon Brown, in Committee, to move the following amendments:
New clause 3A
After the Part 1 heading (page 2, after line 4), insert:
3A Section 3 amended (Application)
In section 3(2), replace “and 55”
with “, 55, 56AA, and 56AAB”
.
Clause 4
In clause 4, replace new section 56AA(1)(a)(iii) (page 2, lines 20 and 21) with:
(iii)
information about how much gas has been supplied or is being supplied to any other person or persons (whether for the purpose of resupply or for any purpose other than for resupply):
(iiia)
information about how much gas has been produced or is being produced:
In clause 4, after new section 56AA(1)(e) (page 3, after line 9), insert:
(f)
prescribing limits or restrictions on the publication of information under section 56AAB.
In clause 4, new section 56AAB, insert as subsection (2) (page 3, after line 32):
(2)
Subsection (1)—
(a)
applies despite any legislation or other rule of law to the contrary; but
(b)
is subject to any limits or restrictions imposed under section 56AA(1)(f).
Explanatory note
This Amendment Paper amends the Gas (Market Transparency) Amendment Bill. The Amendment Paper—
inserts a new clause amending section 3 of the Gas Act 1992, which relates to the application of that Act. The amendment ensures that the new regulations relating to the disclosure of market information may relate to gas in circumstances in which the Crown Minerals Act 1991 applies; and
extends the power for regulations to require the supply of information about how much gas is supplied. Currently, this is limited to gas supplied to consumers. This is extended to include gas supplied to any other person or persons (including for the purposes of resupply); and
extends the power for regulations to require the supply of information about how much gas is produced; and
allows the regulations to prescribe limits or restrictions on the publication of information under new section 56AAB; and
provides that information may be published under new section 56AAB despite any legislation or rule of law to the contrary, but subject to any limits or restrictions prescribed under that new regulation-making power.
Departmental disclosure statement
The Ministry of Business, Innovation, and Employment considers that a departmental disclosure statement is not required to be prepared for this Amendment Paper.
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Gas (Market Transparency) Amendment Bill - Amendment paper No 634
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