Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FUEL SECURITY ACT 2021 (NO. 65, 2021) - SECT 3

Objects

             (1)  The objects of this Act are the following:

                     (a)  to improve security and confidence in Australia's fuel supplies;

                     (b)  to support sovereign capability to maintain fuel supplies;

                     (c)  to contribute to meeting Australia's obligations under the International Energy Agreement;

                     (d)  to assist in preventing disruptions in fuel supplies.

             (2)  The objects are to be achieved by:

                     (a)  requiring the holding of minimum quantities of stocks of certain fuels in Australia; and

                     (b)  making payments for production of refined fuels to support the contribution made by refineries in Australia to the security of Australia's fuel supplies.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback