Australian Capital Territory Numbered Acts

FAIR TRADING (FUEL PRICES) ACT 1993 (NO. 40 OF 1993) - SECT 4

4. (1) The Minister may, on the recommendation of the Director in relation to a specified fuel, by notice in the Gazette, determine—

        (a)     the maximum base wholesale price of that fuel;

        (b)     the maximum retail price of that fuel; and

        (c)     the maximum retail margin in relation to that fuel.

(2) The Minister shall not determine a maximum base wholesale price of a specified fuel that is greater than the “relevant price” that, for the purposes of subsection 22 (2) of the Prices Surveillance Act 1983 of the Commonwealth, is applicable to that fuel under that subsection.

(3) A determination—

        (a)     takes effect on the day on which it is notified in the Gazette or on such later date and at such time, if any, as is specified in the notice; and

        (b)     ceases to have effect on the date, if any, specified in the notice.

(4) The Minister may, by notice in the Gazette , amend or revoke a determination.

(5) The Minister shall, as soon as practicable after making a determination, ensure that a copy of the notice of the determination is published in a newspaper circulating generally in the Territory and that such notice includes a statement of the date on which and time, if any, at which the determination takes effect.

(6) A determination is a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .