Document ID: chunk:federal_register_of_legislation:F2022L00156:reg:5
Version: federal_register_of_legislation:F2022L00156
Segment Type: reg
Provision Reference: reg 5
Character Range: 1700–2260

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Golden Beach Gas Storage Acceleration Program (the program) is prescribed.
 (2) The program provides a loan to GB Energy (VIC) Pty Limited to support early works on the Golden Beach gas storage project.
 (3) The purpose of the program is to ensure that GB Energy (VIC) Pty Limited can reach a final investment decision in relation to the Golden Beach gas storage project in time for the project to play a part in alleviating forecast gas shortfalls in the east coast gas market.