Commonwealth Numbered Acts

FUEL SECURITY ACT 2021 (NO. 65, 2021) - SECT 11

Main case

             (1)  An entity ceases to be subject to the minimum stockholding obligation in relation to an MSO product if the Secretary is satisfied under subsection 32(1) that the entity has permanently or indefinitely ceased undertaking all MSO activities in relation to the product.

Obligation assumed

             (2)  An entity ceases to be subject to the minimum stockholding obligation in relation to an MSO product if a determination is made under section 37 that another entity has assumed the entity's minimum stockholding obligation in relation to the product.