Commonwealth Consolidated Acts

FUEL SECURITY ACT 2021 - SECT 25

  (1)   For the purposes of section   7 (minimum stockholding obligation), stocks of feedstock are treated as if they were stocks of an MSO product, of a quantity determined in accordance with the rules, if:

  (a)   the feedstock is used, by an entity that is subject to the minimum stockholding obligation in relation to the product, to refine the product at a refinery in Australia; and

  (b)   the stocks are being stored at the refinery; and

  (c)   any other requirements prescribed by the rules are met.

  (2)   For the purposes of paragraph   19(a), the holder of those stocks is:

  (a)   the entity mentioned in paragraph   (1)(a); or

  (b)   if another entity would be the holder of the stocks under section   24, if that section applied in relation to stocks of feedstock--that other entity.

  (a)   crude oil that meets any requirements prescribed by the rules;

  (b)   any other refinery feedstock prescribed by the rules;

  (c)   any unfinished refinery product prescribed by the rules.