Oil and Emissions Bills before Parliament

Agriculture Largest Contributor to Australia’s GDP
September 11, 2017
Senate Committee Review Competition and Consumer Amendment
September 11, 2017

Oil and Emissions Bills before Parliament

  • Liquid Fuel Emergency Amendment Bill 2017

The Government bill that will see Australia comply with International Energy Agency obligations has passed Parliament today. Under the Agreement on an International Energy Program, member states are required to hold stocks equivalent to 90 days of the previous year’s net oil imports. The new laws will enable the Government to enter commercial oil stock ticket contracts where the buyer reserves preferential access to the supply and may release this stock to the market if not required.

  • Suite of Bills Regulating National Emissions Standards Before the Senate

The Product Emissions Standards Bill 2017 (Cth) and three other related bills are currently before the Senate. The Bills collectively introduce a national emissions standard for new non-road spark ignition engines, mechanisms for certification and enforcement measures to ensure compliance.  Non-road spark ignition engines refer to household tools such as lawnmowers and leaf blowers and marine engines. The standards reflect part of the National Clean Air Agreement (2015) between state and federal governments.

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