Document ID: chunk:federal_register_of_legislation:F2021L01011:reg:12:p2
Version: federal_register_of_legislation:F2021L01011
Segment Type: reg
Provision Reference: reg 12 (pt 2/3)
Character Range: 16622–19326

in United States dollars per barrel;
 (b) for diesel—"Gasoil 0.001% S (10 ppm) FOB Spore Cargo" published by S&P Global Platts (Platts code: AAOVC00) in United States dollars per barrel;
 (c) for kerosene—"Jet Kero FOB Spore Cargo" published by S&P Global Platts (Platts code: PJABF00) in United States dollars per barrel;
 (d) for fuel oil—"FO 380 CST 3.5% S FOB Spore Cargo" published by S&P Global Platts (Platts code: PPXDK00) in United States dollars per tonne;
 (e) for marine fuel oil—"FOB Spore Marine Fuel 0.5% Cargo" published by S&P Global Platts (Platts code: AMFSA00) in United States dollars per tonne.
Note: The values in paragraphs (d) and (e) must first be converted from tonnes to barrels under paragraph (7)(c) before being converted to litres under paragraph (7)(b).
Yf is the yield of fuel type f for the refinery, expressed as a percentage of the volume of fuel type f from an equivalent volume of crude oil, either:
 (a) specified in the guidelines for the refinery; or
 (b) if not specified in the guidelines—determined by the Minister in approving an application under section 40 of the Act.
 (5) For subsection (3), SRF is the amount given by the following formula (in United States dollars per barrel), converted to Australian dollars and litres and expressed in cpl:
where:
CF is the Singapore – Australia freight cost for refined fuels for the month from the monthly average "Clean Singapore-Australia 30kt MR $/mt" price published by S&P Global Platts (Platts code: AAJPV00) in United States dollars per tonne of refined fuel.
f is the fuel types under subsection (4).
SV is a specific volume conversion for the fuel, in barrels per tonne, being the following:
 (a) for gasoline—8.5;
 (b) for diesel—7.45;
 (c) for kerosene—7.9;
 (d) for fuel oil—6.35;
 (e) for marine fuel oil—6.35.
Y is the refinery's yield of each fuel type f under subsection (4).
 (6) For subsection (3), SC is given by the following formula (in United States dollars per barrel), converted to Australian dollars and litres and expressed in cpl:
DF is the Indonesia – Australia freight cost for crude oil for the month from the monthly average "Dirty Indonesia-Australia 80kt $/mt" price published by S&P Global Platts (Platts code: TDABC00) in United States dollars per tonne of crude oil.
SV is a specific volume conversion for the crude oil, in barrels per tonne, being 7.67.
 (7) For this section:
 (a) an amount in United States dollars is converted to Australian dollars by multiplying the amount by the monthly average exchange rates published by the Reserve Bank of Australia for the month; and
 (b) a barrel is converted to litres by multiplying the number of barrels by 158.987295; and
 (c) a