Australian retail market reform stalls

The Australian government has withdrawn its proposed downstream petroleum industry deregulation plan, following the failure of the Motor Trades Association of Australia (MTAA) to accept a key element in the package.The MTAA refuses to agree to a repeal of the Sites Act, which would have allowed major oil companies such as BP Australia Ltd., Caltex Australia Petroleum Pty. Ltd., Mobil Oil Australia Ltd., and Shell Australia Ltd. to compete on equal terms with independent companies marketing petroleum products in Australia. This is despite written notices the majors submitted to the government on the future structure of their businesses.Unfair advantageCurrently, the Sites Act allows the ma...

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