The bill's transitional provisions ensure that the work the Gas Industry Company is currently undertaking will be considered as part of the process for forming a recommendation for a new gas governance arrangement, should they be needed. The bill also makes several amendments to the penalty regime for industry participants and consumers for breaches of gas governance arrangements. It is important to note that residential consumers are excluded from the penalty regime. The bill amends that penalty regime for industry participants by increasing the maximum pecuniary penalty able to be imposed by the Gas Rulings Panel for breaches of gas governance regulations from $20,000 to $200,000. This addresses concerns about the low level of civil pecuniary penalty able to be currently issued by the Gas Rulings Panel, particularly for situations where a wide range of consumers may be affected by a potential breach, and brings this penalty into alignment with the equivalent legislation under the Electricity Industry Act 2010. This penalty limit will apply across all gas governance regulations. This penalty replaces the current criminal penalty, and it is intended that it will be used to deter breaches of regulations by consumers who are not classified as industry participants, which includes some of the large consumers of natural gas.