(1)  A system operator of a new storage system that is a small storage system must ensure that the storage system is not used unless loss-monitoring procedures are carried out in respect of the system in accordance with subregulation (3) .

Penalty:  Fine not exceeding 100 penalty units.

(2)  A system operator of an existing storage system that is a small storage system must ensure that, after the end of the 12-month period beginning on the commencement day, the storage system is not used unless loss-monitoring procedures are carried out in respect of the system in accordance with subregulation (3) .

Penalty:  Fine not exceeding 100 penalty units.

(3)  For the purposes of subregulations (1) and (2) , loss-monitoring procedures in respect of a storage system are procedures that –

(a) use manual tank-gauging in accordance with AS 4897 or any other method that is as capable as manual tank-gauging of detecting a loss of petroleum from the storage system; and

(b) are carried out on at least 2 occasions, at least 4 months part, in each year; and

(c) require the results of the procedures carried out in accordance with paragraph (a) to be recorded and provided to a system operator of the storage system within 7 days after they are carried out.

(4)  If loss-monitoring procedures carried out under subregulations (1) and (2) in respect of a storage system detect in a tank in the storage system a variation in petroleum volume of more than 2% of the tank capacity, a system operator of the storage system must –

(a) notify an infrastructure owner of the storage system, within 7 days after the results of the procedures are provided to the system operator, that petroleum may have been lost from the storage system; and

(b) as soon as practicable, if petroleum is likely to be being lost from the storage system, ensure that further petroleum is prevented from being lost from the storage system; and

(c) ensure that the storage system is not used until the tank is repaired or replaced in accordance with regulation 10 .

Penalty:  Fine not exceeding 100 penalty units.