Petroleum Products Amendment Bill Petroleum ….ppt

Section 2B Licensing Objectives The Controller of Petroleum Products must issue licences. In considering the issuing of any licences, the Controller shall give effect to the provisions of section 2C and the following objectives Promoting an efficient manufacturing, wholesaling and retailing petroleum industry Facilitating an environment conducive to efficient and commercially justifiable investment The creation of employment opportunities and the development of small businesses in the petroleum sector Ensuring countrywide availability of petroleum products at competitive prices Promoting access to affordable petroleum products by low-income consumers for household use. Section 2C Licensing Objectives Transformation of South African petroleum and liquid fuels industry In considering licence applications in terms of this Act, the Controller of Petroleum Products shall Promote the advancement of historically disadvantaged South Africans Give effect to the Charter The Controller of Petroleum Products may require any category of licence holder to furnish information, as prescribed, in respect of the implementation of the Charter Section 2D Transitional licensing provisions The Act makes provisions for existing businesses The provides deems any person to a holder of a licence who, at the time of commencement of the Petroleum Products Amendment Act, 2003 Holds and is in the process of developing a site manufactures or wholesales petroleum products, or retails The person shall, within a period of six months apply for an appropriate licence The licence shall lapse if the person fails to apply for a licence within the stipulated period The applicant shall, on application,be entitled to a licence if the applicant is in compliance with all national, provincial and local government legal requirements, that are in force immediately prior to the commencement of this Act Such applicant subject to the general conditions of a licence but not financial security requirement pres