Do you need a petroleum wholesale licence?
Businesses intending to buy and sell prescribed petroleum products in bulk should obtain advice on the applicable licensing requirements before trading. The assessment must be based on the actual transaction model, customer type and physical product flow.
ProductsWhat will be bought and sold?
TransactionsWho supplies and who buys?
OperationsWhere is product stored, loaded and transported?
What we review before preparing the application
- Applicant entity and ownership position
- Products and intended trading model
- Customer segments and projected volumes
- Source-of-supply arrangements
- Storage model and access evidence
- Transport and insurance arrangements
- Business premises and contact particulars
- Financial capacity and business-plan requirements
- Transformation, training and employment commitments where applicable
What the application service may include
- Application-readiness assessment
- Application form and supporting-document schedule
- Business plan and financial projections
- Supporting agreement review and coordination
- Publication-process administration
- Response to requests for further information
- Submission record and status follow-up
- Post-licence annual-information guidance
Application process
- Initial assessment and scope confirmation
- Applicant and business-model information collection
- Supporting evidence and commercial documents
- Application preparation and quality review
- Lodgement and publication steps
- Further-information responses and record management
- Licence outcome and post-licence obligations
Common application weaknesses
Applying before the trading model is defined.
Using generic or inconsistent supply, storage or transport agreements.
Treating storage as a paper requirement rather than an operating dependency.
Using projections that do not match customers, product flow or funding.
Assuming a licence creates product supply or customer demand.
Ignoring annual information and licence-condition obligations after approval.
Regulatory note: Final transaction thresholds, forms and supporting requirements must always be checked against the legislation, regulations, current guidelines and Department resources applicable at the time of the engagement.
