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On 20 April 2010 the Legislative Assembly referred the following terms of reference to the Economics and Industry Standing Committee:
(1) That the House refer the issue of domestic gas prices for industry and consumers to the Economics and Industry Standing Committee for investigation.
(2) That the Committee specifically investigate:
(a) the price of gas for customers throughout Western Australia;
(b) the comparison of the price of gas with other states, especially Victoria, and whether there is a significant price differential and, if so, why; and
(c) the contrast between domestic gas prices in Western Australia and international LNG prices and the LNG contracts that govern these international prices.
(3) That the Committee make recommendations on any measures that could be implemented to reduce the price of gas in Western Australia.
(4) That the Committee report by 30 September 2010. |