The Australian Department of the Environment and Energy has long required fuel producers and importers to provide information on the quantity of petroleum fuels, lubricants and other fuels (e.g. LPG) that are produced and sold into the Australian Market.
The information collected through this process is used by the Australian Government to monitor energy security and facilitate compliance with international reporting and stockholding obligations.
The information has also been used to publish the Australian Petroleum Statistics (see http://www.environment.gov.au/energy/petroleum-statistics) – a monthly publication of aggregate petroleum and other fuel statistics for use by business, investors, academics and government.
Last year, the Australian Government commenced a consultation with industry (including ACAPMA) and other stakeholders about possible changes to the current reporting regulations with the business case for change discussed in a formal consultation paper released in September 2016. Subsequent industry consultation sessions were conducted in Perth, Melbourne, Sydney and Brisbane during October 2016.
Following completion of the initial consultation process, the Department of Environment and Energy released a paper outlining the preferred design for future fuels reporting in December 2016. (refer https://www.environment.gov.au/system/files/energymog/files/Preferred%20Design%20for%20Mandatory%20Reporting%20Paper.pdf).
The most notable aspect of this consultation was a proposal for the Australian Government to require large wholesalers to report on throughput in the future, said ACAPMA CEO Mark McKenzie.
“Consultation with ACAPMA’s members indicated that such a requirement is reasonable if the format of these reports was not onerous and provided that all commercial sensitivities were observed”, said Mark.
Earlier this week, the Australian Government released the draft rules that are proposed for the future reporting of petroleum and other fuel statistics. (http://acapmag.com.au/wp-content/uploads/2017/06/Exposure-Draft-POFR-Rules.pdf). The new draft rules were also released with a supporting explanatory note which discusses the rationale for the new rules as well as provided background comments on future reporting obligations (http://acapmag.com.au/wp-content/uploads/2017/06/explanatory-statement-consultation-version.pdf).
A quick review of these draft rules reveals that large fuel wholesalers will likely be required to report fuel volumes when the new laws take effect on 1 January 2018, with large fuel wholesalers defined as those wholesaling more than 3000 tonnes of petroleum products in the prior financial year.
The Australian Government is now seeking stakeholder comment on these draft rules by 14 July 2017.
Fuel wholesalers selling more than 3,000 tonnes of petroleum products are encouraged to review the draft rules and either submit comment to the Department of Environment and Energy or contact ACAPMA to ensure that their comments are incorporated in the ACAPMA Submission.
Members wishing to provide input should contact ACAPMA on 1300 160 270 or send an email to email@example.com.