Market intervention...........something the LNP would never do.
Yes, that should apply to the whole country and it's got me forked why it wasn't written into law!The two are not the same.
One was an amendment to the Competition and Consumer Act, and relates to retail pricing which the "ACCC may use if it reasonably believes a corporation has engaged, or is engaging, in prohibited conduct in the electricity sector".
And so it should, ripping people off by retail market manipulation, energy retailer collusion, confusing scheduling etc, should be a crime.
Mr Taylor said the direct market offer would also act as a reference price, requiring energy retailers to advertise their standing and market offers against a common benchmark.
Under the changes which would come into effect July 1, retailers can offer a price above the reference price but they need to be transparent with their customers as to why the offer is higher.
"As promised, by 1 July, we will see the end of the loyalty tax and the misleading use of discounts to attract customers. The government did not take lightly the decision to introduce the default market offer and reference price," Mr Taylor said.
Australian Competition and Consumer Commission chair Rod Sims said the proposed default price would ensure consumers aren't paying excessive prices.
"Retailers should have addressed this problem themselves some time ago but, given they chose not to, it is appropriate for government to act," said Mr Sims who has been particularly critical of retailers deliberately confusing customers with complicated offers and incomparable discounts.
Morrison government moves to establish de facto price regulation for energy retailers
But it is not a crime to sell what you produce (gas in this case) on the market, at market prices.
You can't compare apples with oranges...
However, in saying that, the gas belongs to all Australians and we should have a reserve policy, like WA, where some of the gas can be sold to the local market that is not influenced by international demand.
Because states and territory's own the resources, not the Federal Govt so it can not be written into law for the whole country.Yes, that should apply to the whole country and it's got me forked why it wasn't written into law!
Bit of a contradiction though, seeing as they take taxes from them. They could if they wanted to, implement a measure of guarantee for National supply ahead of export greed or stupidity by State governments.Because states and territory's own the resources, not the Federal Govt so it can not be written into law for the whole country.
The only thing the federal resources minister can do is limit exports, but then only in the event of a critical shortage of gas.
Taxes are only collected on exports by the feds from land based oil gas, all other taxes go to the state, with the exception of GST, which ultimately goes back to the states anyway.Bit of a contradiction though, seeing as they take taxes from them. They could if they wanted to, implement a measure of guarantee for National supply ahead of export greed or stupidity by State governments.
OMG, WTF, The End is Nigh,Krudd the new US ambassador...
Even though albo said he would not give him the job in the run up to the election, and his past labor MP peers have variously described him as a psychopath, a micromanager and a control freak.
Labor caucus backers of Kevin Rudd have told colleagues that he will be ''more generous'' to supporters than he was when he was prime minister.
Leopards don't change their spots, the egotistical little twat will not be a good ambassador and they known it.
Jobs for the boys.
Saw that, just like gillard and hawk before him. Preaching to the converted.Probably should put this in the WTF thread, but it is politics. At the Woodford Festival Norm said he doesn't want detail to crowd the voice to parliament debate.