25Taking feedstocks at refinery into account

25 Taking feedstocks at refinery into account

(1) For the purposes of section 7 (minimum stockholding obligation), stocks of feedstock are treated as if they were stocks of an MSO product, of a quantity determined in accordance with the rules, if: (a) the feedstock is used, by an entity that is subject to the minimum stockholding obligation in relation to the product, to refine the product at a refinery in Australia; and (b) the stocks are being stored at the refinery; and (c) any other requirements prescribed by the rules are met. (2) For the purposes of paragraph 19(a), the holder of those stocks is: (a) the entity mentioned in paragraph (1)(a); or (b) if another entity would be the holder of the stocks under section 24, if that section applied in relation to stocks of feedstock—that other entity.

(3) Any of the following is feedstock:

(a) crude oil that meets any requirements prescribed by the rules;
(b) any other refinery feedstock prescribed by the rules;
(c) any unfinished refinery product prescribed by the rules.