3Objects

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.