Fixing maximum prices for liquid fuel
32 Fixing maximum prices for liquid fuel
During a period of emergency the Minister may, by notification published in the gazette—
fix a maximum price or maximum prices for the sale of a refined liquid petroleum product of a kind specified in the notification during a period specified in the notification; and
vary or revoke a notification previously published under this subsection.
A notification under subsection (1)—
may fix different maximum prices that vary according to factors specified in the notification;
may apply to sales generally of a refined liquid petroleum product, or to sales of a class specified in the notification;
may apply throughout the State or in any part or parts of the State as is or are specified in the notification.
Where a notification under subsection (1) has fixed a maximum price for the sale of a refined liquid petroleum product a person shall not sell or offer to sell that product, by way of a sale for which the maximum price has been so fixed, at a price in excess of the maximum price.Maximum penalty—$10,000 or 12 months imprisonment.
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