[Peakoil] liability in a national liquid fuel emergency

[Ruth Cully]

I think Keith's view is borne out by the fact that the legislation was enacted in 1984 and they are reporting under the Budget reporting requirements for contingent liabilities. This is the intro to Statement 8 of Budget Paper 1:

"A range of factors may influence the actual budget outcome in future years. The
Charter of Budget Honesty Act 1998 requires these factors to be disclosed in a
statement of risks in each Budget and Mid-Year Economic and Fiscal Outlook. This
statement outlines general fiscal risks and specific contingent liabilities that may
affect the budget balances."

It would be nice to think that someone in government understood that burning fuel is an irreversible exothermic process but dream on...

Ruth

From: keith at evfit.com
Date: Thu, 12 May 2011 07:51:58 +1000
To: mike at bystander.net
CC: peakoil at act-peakoil.org
Subject: Re: [Peakoil] liability in a national liquid fuel emergency



I see this more as a measure to deal with a temporary emergency which, their assumption is, will be past within a few weeks or months. It would cover the consequences of a major refinery fire, widespread industrial action or some military activity, civil unrest or natural disasters in Australia's main sources of supplies. I don't see it as a measure designed to deal with a permanently diminishing supply and/or the associated price rises.

-----------------------------Keith Thomaswww.evfit.com-----------------------------



On 11/05/2011, at 10:18 PM, Michael Skeggs mike at bystander.net wrote:Hi Jenny,
I was a bit freaked out that this appeared in a "what do they know" kind of sense, but a quick search of a couple of previous budget papers shows it has appeared as a potential liability in past budgets too.

Thankfully, Mr Swan is continuing his prudent forward planning by subsidising small businesses' purchase of new cars (although some credit is due to changes in the vehicle FBT that removes the incentive to go for a drive down the coast come the end of financial year to try and get into the higher mileage bracket).

Regards,
Michael Skeggs

On 11 May 2011 17:19, Jenny Goldie <jenny.goldie at optusnet.com.au> wrote:








[from the Budget papers]

Liability for costs incurred in a national liquid fuel emergencyThe Australian Government has responsibility for the Liquid Fuel 
Emergency Act 1984 (the Act) which is administered by the Minister for 
Resources and Energy. In addition, the State and Territory governments have 
entered into an inter‑governmental agreement (IGA) which coordinates the use of 
the powers under the Act in a national liquid fuel emergency. The IGA contains 
three areas where the Australian Government may incur expenses in the 
unlikely event of a national liquid fuel emergency. These relate to 
the direct costs of managing a liquid fuel emergency and include the possibility 
of the Australian Government reimbursing the State and Territory governments for 
costs arising from their responses, and potential compensation for industry 
arising from Australian Government directions under the Act.(end)We can but hope that the Government's assumption that a national liquid fuel 
emergency is unlikely, is correct...

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