On 21 July 2021, Gas Industry Co recommended that the Minister of Energy and Resources make new gas governance regulations to replace regulations 82A and 82B of the Gas Governance (Critical Contingency Management) Regulations 2008 (CCM Regulations) that will be revoked by the Gas (Information Disclosure and Penalties) Amendment Act.
The new regulations would enable the High Court to impose civil pecuniary penalties of up to $200,000 on consumers who are not industry participants (other than domestic consumers) for specific breaches of the CCM Regulations.
The recommendation follows Gas Industry Co’s issue of a Statement of Proposal and consultation with industry participants on a broader package of reforms to the CCM Regulations. This proposal is being progressed ahead of other proposed changes to align with the amendments to the Gas Act and avoid any possible regulatory gap.
We anticipate a further recommendation on proposed amendments to the CCM Regulations relating to other aspects of our consultation following the completion of our consultation and assessment process on those proposed amendments.
The recommendation to the Minister can be found below. Gas Industry Company’s consultation on its Statement of Proposal for amending the CCM Regulations can be found here.