The gas production industry has hit back at suggestions suppliers have been purposely dodging the government's new price cap by waiting for advice on how it works.
The head of the gas producer industry group said it was reasonable for the industry to proceed cautiously with new retailer contracts until the price cap was better understood, noting that companies could be slapped with a $50 million fine for non-compliance.
"It might sound fairly straightforward, a $12 price cap," Australian Petroleum Production and Exploration Association chief executive Samantha McCulloch said.
