The Albanese government will toughen gas market regulation and intends to make the industry code of conduct mandatory, with the treasurer, Jim Chalmers, also not ruling out export limits or cash handouts as soaring bills put pressure on household budgets.
On Sunday, Chalmers signalled a review, announced in the budget and being conducted by the competition regulator, would likely include mandatory price regulation and a requirement for “meaningful offers” to domestic consumers.
