House of Representatives

Second Reading Speech

Mr Frydenberg (Minister for the Environment and Energy)

I move:

That this bill be now read a second time.

This bill supports the implementation of the Petroleum and Other Fuels Reporting Bill 2017.

This bill will empower the Australian Taxation Office and the Australian Competition and Consumer Commission to share data they have collected with the Department of the Environment and Energy to reduce the reporting burden associated with the reporting obligation imposed by the Petroleum and Other Fuels Reporting Bill 2017.The data provided to the Department of the Environment and Energy will also be used to monitor compliance with the reporting obligation contained in the Petroleum and Other Fuels Reporting Bill 2017.

Debate adjourned.