Mr Speaker, I thank Members for their unanimous support.

I think this is important legislation for us in Canberra.

For the first time since, probably, Federation our service stations have a reliable and guaranteed method of recouping fuel losses which have occurred because of temperature variation.

Until now, service station owners and franchisees have been forced to cop most of this loss themselves, and as is the way in business, the loss is passed on to the motorist.

Given that temperature related fuel loss can total between 1 and 2 per cent of fuel delivered over the course of a year, it represents a significant amount of money.

I have noted attempts by the oil industry to talk down this legislation.

However, I have not yet been presented with an argument which would cause me to change my mind.

Much of what I have heard from the industry has been based on half-truth and irrelevant material.

I sat through an attempt yesterday by one oil company whose argument was essentially based on the problem of establishing a precedent for other jurisdictions.