House of Representatives

Explanatory Memorandum

(circulated by authority of the Minister for Primary Industries and Energy the Hon John Kerin, MP)

Notes on Clauses

Clause 1: Short title

8. This clause provides for the short title of the legislation.

Clause 2: Commencement

9. The Act shall come into operation on the day on which it receives Royal Assent.

Clause 3: Interpretation

10. This clause amends subsections 4<1> and 4<2> of the Principal Act permitting the Minister or his delegates to fix transaction prices where excisable crude petroleum oil is dealt with otherwise than by sale.

Clause 4: Information

11. This clause amends section 10 of the Principal Act by omitting from subsection <4> "documents" and substituting "document".