Contents
1 Name#
This instrument is the Fuel Security (Temporary Reduction—Securing Regional Supply) Instrument (No. 3) 2026.
2 Commencement#
This instrument commences on 1 October 2026.
3 Authority#
This instrument is made under section 16A of the Fuel Security Act 2021.
4 Minimum stocks of diesel and gasoline to be reduced#
(1)This section applies to an entity if:
(a)the entity is subject to the minimum stockholding obligation in relation to an MSO product; and
(b)the MSO product is diesel or gasoline; and
(c)the entity gives the Secretary:
(i)a written plan in accordance with subsection 5(1); or
(ii)if the entity had given a second plan—written notice in accordance with subsection 5(2).
(2)The quantity of stocks of the MSO product that the entity must hold (the minimum quantity) on an obligation day specified in subsection (3) is reduced by 20% if:
(a)the Secretary gives written notice to the entity stating the minimum quantity in megalitres as reduced under this subsection; and
(b)the entity takes all reasonable steps to carry out:
(i)the plan under subparagraph (1)(c)(i) throughout the period specified in subsection (3); or
(ii)the second plan, as changed or confirmed under subsection 5(2), throughout the period specified in subsection (3).
(3)For subsection (2), this subsection specifies each obligation day that occurs in the period:
(a)starting on the day the notice under paragraph (2)(a) is given to the entity; and
(b)ending at the end of 31 January 2027.
(4)In this section:
second plan, in relation to an entity, means the written plan given by the entity to the Secretary under the Fuel Security (Temporary Reduction—Securing Regional Supply) Instrument (No. 2) 2026.
5 Written plans and notices to Secretary#
(1)For subparagraph 4(1)(c)(i), the plan must:
(a)include the information required to be included in a written plan under subsections 5(1) and (2) of the second instrument; and
(b)state to the effect that the plan is for the reduction period.
(2)For subparagraph 4(1)(c)(ii), the notice must:
(a)state that the entity will continue to carry out the second plan, as changed or confirmed under this subsection, for the reduction period; and
(b)identify any changes to the second plan so the plan is effective for the reduction period; and
(c)if no changes are identified—confirm that no changes are needed.
(3)In this section:
reduction period means the period specified in subsection 4(3).
second instrument means the Fuel Security (Temporary Reduction—Securing Regional Supply) Instrument (No. 2) 2026 as in force immediately before it is repealed.
second plan: see subsection 4(4).
Sourced from the Federal Register of Legislation at legislation.gov.au, © Commonwealth of Australia, licensed under CC BY 4.0. Compilations may have been reformatted.