Document ID: chunk:federal_register_of_legislation:F2021L01011:reg:14
Version: federal_register_of_legislation:F2021L01011
Segment Type: reg
Provision Reference: reg 14
Character Range: 20614–21357

14  Process for fuel security services payments
 (1) For section 45 of the Act, the fuel security services payment is payable for a quarter after the Secretary is satisfied with the volume of FSSP fuel refined at a committed refinery in the quarter meeting the requirements under sections 5 and 13 and reported under the POFR Act for the refinery.
 (2) The payments are to be made:
 (a) to the bank account nominated in the application; or
 (b) if an authorised representative of the person provides updated bank account details—to that account.
 (3) The Secretary must make payments under subsection (1) as soon as practicable, and no later than 30 days, after receiving the relevant information and becoming satisfied under that subsection.