This bill amends the Gas Act 1992, which is the principal piece of legislation for the governance of the New Zealand gas industry. This bill is important for ensuring the appropriate regulatory requirements can be put in place for supporting security of supply and to improve outcomes for energy consumers. The bill expands the scope of regulatory-making powers to enable gas governance arrangements to be made that provide for the disclosure of information about matters that may have a significant downstream impact or may contribute to the risk of critical gas shortages. The bill's changes are consistent with the co-regulatory approach of the sector, where the Government must first receive a recommendation from the industry co-regulator, the gas industry company, before regulations can be made. The bill's transitional provisions ensure that the work of the gas industry company is currently undertaking around information disclosure will be considered as part of the process for forming a recommendation for a new gas governance arrangement should they be needed. 