Taxation Laws Amendment Bill (No. 8)October 12, 2000
Treasurer to attend Second Meeting of G-2October 17, 2000
Joint Media Release
Minister for Industry, Science and Resources
16 October 2000
Review of the National Gas Pipelines Access Code
Treasurer Peter Costello and the Minister for Industry, Science and Resources, Senator
Nick Minchin, today gave in-principle support for an independent review of the operation
of the National Third Party Access Code for Natural Gas Pipelines Systems.
The announcement was made in response to infrastructure industry concerns over the
impact of recent regulatory decisions on future investment in natural gas pipelines.
Mr Costello and Senator Minchin agreed it would be appropriate to commission an
independent review of the operation of the national gas access Code, following the
completion of regulators final decisions in the first round of Access Arrangements
and the outcome of the recently announced Review of Part IIIA of the Trade Practices
Act 1974 and of Clause 6 of the Competition Principles Agreement, to be conducted by
the Productivity Commission.
“As announced by the Assistant Treasurer on 10 October, the Productivity
Commission has been asked to report to the Government within 12 months. Therefore by the
time the first round of Access Arrangements and the Review of Part IIIA have been
completed, the Code will have been in operation for over three years and it would be
appropriate to take stock of what it has achieved and whether its operation can be
enhanced.” Mr Costello said.
“Gas market participants will be in a better position to contribute their
experiences to a review of the Code following the completion of regulators final
decisions in the first round of Access Arrangements. In addition, the outcome of the
Review of Part IIIA may have relevance to determining the scope of the review of the
national gas access Code.”
“We will be consulting with the States and Territories in relation to the details
of the review of the operation of the Code as any proposed changes which may result from
the review would need to be implemented through State and Territory legislation,”
Senator Minchin said.
“All relevant gas market participants will be consulted on the development of the
terms of reference and the scope and conduct of the review of the operation of the
The Ministers note that, in the meantime, the National Gas Pipelines Advisory Committee
provide an established process for interested parties to bring forward for consideration
specific Code change proposals to address particular identified problems in the operation
of the Code. The Ministers encourage the industry to make full use of this process.
Contact: Niki Savva, Treasurers office, 02 6277 7340
Jennifer Eddy, Senator Minchins office, 02 6277 7580
Chrys Papadopoulos, Industry, Science and Resources, 02 6213 7924