House debates

Thursday, 20 March 2008

Questions without Notice

Petrol Prices

2:41 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I thank the member for his question. This Easter will be the first time that the ACCC has had formal power to monitor petrol prices—the very first time the ACCC has had these formal powers. It is very important, because there has been some alleged activity by some petrol stations over the last few days. There are serious allegations that consumers are driving into petrol stations that are advertising cheaper unleaded prices only to find that the pumps are out of order and that they are forced to buy more expensive petrol. I can report to the House that over recent days almost 50 inspectors from the ACCC and state governments have been out there to ensure that activity such as that is not occurring and there will be inspectors on the beat over the Easter period. We now have a watchdog with teeth, and they will be out there. Today I urge Australians who feel they are being ripped off by any of the practices that were mentioned before to call the ACCC on 1300302502.

Those opposite might think that financial pressure on Australian families is a laughing matter. Could you have a better example of a group of people who are more out of touch than those over there? This is the crew who have a spokesman for Treasury who said when he was questioned about the highest inflation in 16 years, ‘Mission accomplished.’ He was proud of it. What did he say when productivity hit zero? He said: ‘Don’t worry. Mission accomplished.’ What did he say when there were eight interest rate rises in three years? He said: ‘Don’t worry. Mission accomplished.’

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