Document ID: chunk:federal_register_of_legislation:F2021L01258:reg:7
Version: federal_register_of_legislation:F2021L01258
Segment Type: reg
Provision Reference: reg 7
Character Range: 2469–3226

7  Eligibility criteria relating to program
  For the purposes of subsection 33(4) of the Act, the eligibility criteria relating to the program include the requirement that an applicant:
 (a) is a trading or financial corporation to which paragraph 51(xx) of the Constitution applies; and
 (b) must confirm in writing that the petroleum refinery to be upgraded is expected to continue to operate until at least 30 June 2027; and
 (c) must declare in writing the understanding that, when an arrangement under section 34 of the Act for the program is entered into, the applicant will consent to obligations under that arrangement relating to the requirement for the applicant to make repayments if the petroleum refinery ceases to operate before 30 June 2027.