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Fuel Security Act 2021
38Simplified outline of this Part
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38 Simplified outline of this Part
Refiners of certain fuels may apply to the Minister for fuel security services payment, which is a form of bounty.
Generally, fuel security services payment is paid quarterly, based on the quantity of fuels (known as FSSP fuels) refined in the quarter. The rate is set in rules made by the Minister.
The payment is paid for quarters that end in a period known as the recipient’s commitment period.
Recipients of fuel security services payment commit to repaying any amounts received if the refinery ceases refining FSSP fuels before the end of the recipient’s commitment period.