Document ID: chunk:federal_register_of_legislation:C2023C00325:section:5:p3
Version: federal_register_of_legislation:C2023C00325
Segment Type: section
Provision Reference: s 5 (pt 3/4)
Character Range: 11480–13998

Security Act 2021 or a provision referred to in paragraph (a).
Note: For the meaning of commercial‑in‑confidence, see section 6.
refining a covered product means transforming a covered product into another covered product, or recycling or re‑refining a covered product.
regulated entity means:
 (a) a constitutional corporation; or
 (b) a trust, all of the trustees of which are constitutional corporations; or
 (c) a body corporate that is incorporated in a Territory; or
 (d) a body corporate that is taken to be registered in a Territory under section 119A of the Corporations Act 2001; or
 (e) a trust, if the proper law of the trust and the law of the trust's administration are the law of a Territory; or
 (f) an entity, the core or routine activities of which are carried out in or in connection with a Territory.
Regulatory Powers Act means the Regulatory Powers (Standard Provisions) Act 2014.
rules means rules made under section 41.
Secretary means the Secretary of the Department.
statistical fuel information means fuel information that is statistical information.
wholesaling a covered product means:
 (a) entering a covered product for home consumption (within the meaning of the Customs Act 1901 or the Excise Act 1901); or
 (b) if a covered product is not subject to duty of excise or duty of customs—removing the covered product from an import terminal or domestic production facilities (such as a refinery); or
 (c) if another activity is prescribed by the rules for the purposes of this paragraph for a kind of covered product—undertaking that activity in relation to the kind of product.
 (2) The rules must not prescribe a fuel for the purposes of paragraph (t) of the definition of covered product in subsection (1) unless the Minister is satisfied that prescribing the fuel will promote the objects of this Act.
 (3) The rules must not prescribe a fuel‑related product for the purposes of paragraph (u) of the definition of covered product in subsection (1) unless the Minister is satisfied that prescribing the product will assist the Commonwealth to give effect to Australia's obligations, relating to the reporting of data relating to petroleum, other fuels or fuel‑related products, under:
 (a) the Agreement; or
 (b) any other agreement with one or more countries.
 (4) A person is taken to be holding stock of a covered product that is an MSO product within the meaning of the Fuel Security Act 2021 if the person holds stocks of that product within the meaning of section 19 of that Act.