Document ID: chunk:federal_register_of_legislation:F2023C00357:reg:27
Version: federal_register_of_legislation:F2023C00357
Segment Type: reg
Provision Reference: reg 27
Character Range: 24761–25796

27  Additional transitional reduction in quantity of stocks
  For subsection 18(6) of the Act, the Secretary may also grant an application if satisfied that:
 (a) the designated quantity to be reduced relates to a period before 1 July 2024; and
 (b) the designated quantity was set based on information or data that the Secretary is satisfied was incorrect; and
 (c) the reduction in quantity is consistent with that which would have been set if the correct information or data had been used.
Example: If the Secretary has triggered the MSO for an entity in relation to an MSO product under section 10 of the Act based on incorrect data on the quantity of product imported or refined by the entity, the Secretary may decide to reduce the quantity after receiving an application under section 17 of the Act. This section also applies to notices of quantity of MSO product under sections 15 or 18 of the Act that are based on incorrect information about amount of MSO products imported or refined by the entity.
Part 6—Suspension of MSO