Bill
Liquid Fuel Emergency Amendment Bill 2017
passed, as at 2017-09-14. Environment and Energy portfolio.
- Sponsor
- Not recorded
- Portfolio
- Environment and Energy
Recorded stages
- introduced — 2017-06-15
- second reading — 2017-06-15
- second reading — 2017-09-04
- second reading — 2017-09-04
- third reading — 2017-09-04
- introduced — 2017-09-04
- second reading — 2017-09-04
- second reading — 2017-09-07
- second reading — 2017-09-11
- second reading — 2017-09-11
- committee — 2017-09-11
- third reading — 2017-09-11
- passed — 2017-09-11
- royal assent — 2017-09-14
Divisions
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2017-06-15.
The bill would let the Australian government pay for commercial oil stockholding contracts to help meet its international fuel reserve obligations.
It would authorise the spending of public money on these contracts, following a High Court decision that required explicit legislative authority for such payments.
The government plans to buy 400 kilotonnes of offshore oil tickets in the 2018-19 and 2019-20 financial years.
- The bill gives the Australian government the power to enter into ticketing contracts with foreign or Australian entities.
- It allows the government to spend money on oil stockholding contracts.
- The bill empowers a departmental head to sign such contracts and exercise the government's rights under them.
The Australian government, the Department of the Environment and Energy, and entities that could hold oil stocks for Australia.
Sources
em
billhome
frl act