Document ID: chunk:federal_register_of_legislation:C2024C00688:section:3
Version: federal_register_of_legislation:C2024C00688
Segment Type: section
Provision Reference: s 3
Character Range: 7375–8017

3  Objects
 (1) The objects of this Act are the following:
 (a) to improve security and confidence in Australia's fuel supplies;
 (b) to support sovereign capability to maintain fuel supplies;
 (c) to contribute to meeting Australia's obligations under the International Energy Agreement;
 (d) to assist in preventing disruptions in fuel supplies.
 (2) The objects are to be achieved by:
 (a) requiring the holding of minimum quantities of stocks of certain fuels in Australia; and
 (b) making payments for production of refined fuels to support the contribution made by refineries in Australia to the security of Australia's fuel supplies.