Document ID: chunk:federal_register_of_legislation:F2022C01122:reg:5:p1
Version: federal_register_of_legislation:F2022C01122
Segment Type: reg
Provision Reference: reg 5 (pt 1/2)
Character Range: 44864–48236

5                      holding input stock, working stock or output stock at an Australian GLOWS facility                                                                                                                                       the regulated entity who holds the stock                                     the quantity of stock held at the facility as mentioned in columns 1 and 2, broken down into:
                                                                                                                                                                                                                                                                                                                             (a) the relevant categories and subcategories of covered product mentioned in Schedule 1; and
                                                                                                                                                                                                                                                                                                                             (b) input stock, working stock and output stock

Prescribed circumstances
 (2) Items 1 and 5 of the table in subsection (1) apply to holding stock in Australia.
 (3) Items 2, 3 and 4 of the table apply to holding stock:
 (a) in Australia; or
 (b) outside Australia, in connection with business carried on in Australia by the regulated entity who holds the stock.

Quantities of covered products on water
 (4) For the purposes of paragraph (b) of column 3 of item 3 or 4 of the table in subsection (1):
 (a) the quantity must be broken down into the categories mentioned in subsection (5); and
 (b) the quantity (if any) of stock kept in storage in ships in foreign ports must be broken down by each country in which the ports are located.
 (5) For the purposes of subsection (4), the categories are the following:
 (a) stock kept in storage in a ship in a foreign port;
 (b) stock:
 (i) kept in storage in a ship outside the outer limits of the exclusive economic zone; and
 (ii) to which paragraph (a) of this subsection does not apply;
 (c) stock:
 (i) kept in storage in a ship within the outer limits of the exclusive economic zone; and
 (ii) to which paragraph (d) does not apply;
 (d) stock kept in storage in a ship within the outer limits of the exclusive economic zone, if:
 (i) the ship is in an Australian port; or
 (ii) a notice of readiness has been given in relation to unloading the covered product at an Australian port; or
 (iii) the ship is travelling from one Australian port to another.
 (6) A person who must give a report under subsection 11(2) of the Act in relation to a covered activity may, for the purposes of paragraphs (5)(b) and (c) of this section, treat a ship in which stock is kept in storage as being:
 (a) outside the outer limits of the exclusive economic zone, if the person reasonably believes that the ship is outside the outer limits; or
 (b) within the outer limits of the exclusive economic zone, if the person reasonably believes that the ship is within the outer limits.

Interaction with section 16
 (7) Subsection (1) does not apply to stock of a covered product held at an Australian field, Australian biofuel plant, Australian plant (non‑biofuel) or Australian refinery at the end of