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Fuel Security Act 2021

No. 65, 2021

Compilation No. 2

Compilation date: 14 October 2024

                Includes amendments: Act No. 38, 2024

About this compilation

This compilation

This is a compilation of the Fuel Security Act 2021 that shows the text of the law as amended and in force on 14 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Objects
4 Simplified outline of this Act
5 Definitions
Part 2—Minimum stockholding obligation
Division 1—Introduction to this Part
6 Simplified outline of this Part
Division 2—Minimum stockholding obligation
7 Minimum stockholding obligation
8 Additional responsibility of Australian controlling corporation
Division 3—Entities subject to the minimum stockholding obligation
9 Entities subject to the minimum stockholding obligation
10 Triggering the minimum stockholding obligation
11 Ceasing to be subject to minimum stockholding obligation
12 Exemptions
Division 4—Designated quantity of MSO product
13 Designated quantity of MSO product
14 Target number of days for stockholding
15 Notice of quantity of MSO product
16 Entity's advice about expected designated quantity
17 Application to temporarily reduce quantity of stocks of MSO product
18 Secretary's decision on temporary reduction application
Division 5—Holding stocks of an MSO product
19 When an entity holds stocks of an MSO product
20 Excluded stocks
21 Stocks that are stored in Australia
22 Holder of stocks: entity owns stocks and no other