New South Wales Consolidated Acts

PETROLEUM PRODUCTS SUBSIDY ACT 1997 - SECT 7B

7B Notice to be given in respect of sales of subsidised petroleum products

(1) A registered person who sells any petroleum products in respect of which a subsidy has been paid or claimed, or is intended to be claimed by the registered person, must:

(a) give to the purchaser, within 30 days after the delivery of the petroleum products, an approved notice in relation to the sale, and

(b) retain a copy of the notice for not less than 5 years after the petroleum products are sold.

(2) A person who sells petroleum products purchased from a registered person, knowing that they are subsidised petroleum products, must:

(a) give to the purchaser, within 30 days after the delivery of the petroleum products, an approved notice in relation to the sale, and

(b) retain a copy of the notice for not less than 5 years after the petroleum products are sold.

(3) A person who fails to comply with subsection (1) or (2) is guilty of an offence.

Maximum penalty: 100 penalty units.

(4) This section does not apply:

(a) in respect of an ordinary retail sale of petroleum products (including diesel fuel) if the petroleum products are delivered into the running tank of a road vehicle, or

(b) in respect of any other sale of diesel fuel, if the quantity sold does not exceed 100 litres (or such other amount as may be prescribed by the regulations), or

(c) in any other circumstances prescribed by the regulations.

(5) For avoidance of doubt, a reference to petroleum products sold by a person includes a reference to petroleum products sold by the person through an agent of the person.