Summary of proposal:  The proposal would strengthen the Australian Domestic Gas Security Mechanism by:

• empowering the Australian Competition and Consumer Commission (ACCC) in ensuring gas retailers are passing on lower prices to consumers and ensuring the obligations of retailers are included in Gas Market Code
• binding gas producers to sell into the domestic market, at prices lower than the export market
• ensuring policy flexibility that allows the Minister for Resources to consider industry-led options to guarantee lower prices and avoid domestic gas shortages
• preserve the principle that the ‘gas trigger’, a call to action by the government in forcing local gas exporters to reserve supplies for Australia, is a last resort option.

The proposal would start on 1 July 2025.