Fuel Security (Consequential and Transitional Provisions) Act 2021 (66 of 2021)

Schedule 2   Transitional provisions

2   Minimum stockholding obligation

(1) For the purposes of the definition of obligation day in section 5 of the Act, the rules must not prescribe a day that is before 1 July 2022.

(2) For the purposes of paragraph 10(1)(b) of the Act, the rules may prescribe a period commencing before the Act commences.

(3) Section 30 of the Act applies to regulated entities after 30 June 2022.

(4) Section 21 of the Petroleum and Other Fuels Reporting Act 2017, as it applies in relation to entrusted persons exercising powers, or performing functions or duties, as a result of the enactment of the Fuel Security Act 2021, applies in relation to making records of, and using and disclosing, information after the commencement of this Schedule:

(a) whether the information was obtained before or after that commencement; and

(b) whether the information is derived from a record made, or a use or disclosure of information, before or after that commencement.