Commonwealth Consolidated Acts

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FUEL SECURITY ACT 2021 - SECT 48

Notification of events during commitment period

  (1)   During a person's commitment period in relation to a committed refinery, the person must notify the Secretary, in accordance with subsections   (2) and (3), if any of the following events occur or are expected by the person to occur:

  (a)   any change to the person's legal identity;

  (b)   any change of ownership of the committed refinery;

  (c)   the committed refinery permanently ceases refining one or more FSSP fuels;

  (d)   the committed refinery voluntarily ceases refining one or more FSSP fuels for a period of more than 24 hours;

  (e)   the committed refinery involuntarily ceases refining one or more FSSP fuels for a period of more than 24 hours;

  (f)   an event prescribed by the rules.

Civil penalty:   250 penalty units.

  (2)   The notice must:

  (a)   set out details of the event to which the notice relates; and

  (b)   be in the approved form (if any); and

  (c)   be in accordance with any other requirements prescribed by the rules.

  (3)   The notice must be given to the Secretary as soon as practicable after the event occurs, or the person forms the expectation that the event will occur, but no later than:

  (a)   for an event covered by paragraph   (1)(a), (b) or (c)--7 days after the event occurs or the person forms the expectation that the event will occur; and

  (b)   for an event covered by paragraph   (1)(d) or (e)--24 hours after the event occurs or the person forms the expectation that the event will occur; and

  (c)   for an event covered by paragraph   (1)(f)--the time prescribed by the rules for the event.



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