THE PETROLEUM PRODUCTS BILL, 2004 Presentation to the Select Committee on Economic and Foreign Affairs

1
THE PETROLEUM PRODUCTS BILL, 2004Presentation
to the Select Committee on Economic and Foreign
Affairs

• Nhlanhla Henry Gumede
• Department of Minerals and Energy

2
Petroleum Products Bill,2004

• Objectives (1)
• To substitute or delete certain conditions
  regarding the purchase and sale of petroleum
  products manufactured from coal, natural gas or
  vegetable matter
• To authorize the Minister of Minerals and Energy
  to make regulations in this regard and to make
  amendments to the envisaged licensing system
• Change must to may

3
Petroleum Products Bill,2004

• Objectives (2)
• To correct gremlins that crept in
• Correct definitions in the Principle Act and
  Amendment Bill 16 2004

4
Petroleum Products Bill,2004

• Re-defining wholesale
• Amendment of section 1 of Act 120 of 1977, as
  amended by section 1 of Act 61 of 1985, section 1
  of Act 68 of 1991 and section 1 of Act 58 of 2003
• wholesale means the purchase and sale in bulk
  of petroleum products by a licensed wholesaler to
  or from another licensed wholesaler, or to or
  from a licensed manufacturer, or sale to a
  licensed retailer or to an end-consumer for own
  consumption and wholesaler shall be interpreted
  accordingly.

5
Petroleum Products Amendment Bill, 2004

• Correct ownership clause
• Amendment of section 2A of Act 120 of 1977, as
  inserted by section 3 of Act 58 of 2003
• (c) in the case of retail and wholesale licences
  be the owner of the business entity concerned.

6
Petroleum Products Bill,2004

• Correcting System regulation
• Remove and the supply of prescribed petroleum
  products to such licensees, from 2E (1)

7
Petroleum Products Bill, 2004

• Correcting Long Title of the Bill
• Insert to effect certain technical adjustments
  in the Long Title of Bill 16 - 2004

8
Petroleum Products Bill, 2004

• Correcting Long Title of the Bill
• Deleting Petroleum Products Act, 1977,
  (hereinafter referred to as the principal Act),
• Replace with Principal Act