Petroleum and Other Fuels Reporting Rules 2017
17Reports—holding stock
Start here
Get a plain-English read of 17
Turn the raw legal text into a practical explanation grounded in Petroleum and Other Fuels Reporting Rules 2017.
17 Reports—holding stock
(1) For the purposes of section 11 of the Act: (a) a report must be given under that section if a covered activity of the kind mentioned in column 1 of an item of the following table (as affected by subsection (2) or (3) of this section) is undertaken, at the end of a reporting period, in relation to the kind of covered product mentioned in column 1 of that item; and (b) the report must be given by the person mentioned in column 2 of the item; and (c) the report must include the fuel information mentioned in column 3 of the item in relation to stock held, as mentioned in that item, at the end of the reporting period.
<table cellspacing="0" cellpadding="0" style="width:410.85pt; margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="4" style="width:400.05pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Reports—holding stock</span></p></td></tr><tr style="height:23.6pt"><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><a id="CU_227385"></a><span>Item</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 1</span></p><p class="TableHeading"><span>Covered activity undertaken at the end of a reporting period</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 2</span></p><p class="TableHeading"><span>Reporter</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 3</span></p><p class="TableHeading"><span>Fuel information</span></p></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>holding stock of any kind of covered product, unless:</span></p><p class="Tablea"><span>(a) item</span><span> </span><span>2 or 5 applies; or</span></p><p class="Tablea"><span>(b) the covered product is on water</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the regulated entity who holds the stock</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the quantity of the stock held by the regulated entity as mentioned in columns 1 and 2, broken down:</span></p><p class="Tablea"><span>(a) into the relevant categories and subcategories of covered product mentioned in Schedule</span><span> </span><span>1; and</span></p><p class="Tablea"><span>(b) by each State or Territory in which the stock is held</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>holding a contractual right to take possession of any kind of covered product in the circumstance prescribed by paragraph</span><span> </span><span>7(a) (about stocks kept in storage outside Australia), unless the covered product is on water</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the regulated entity who holds the stock (by holding the contractual right)</span></p><p class="notemargin"><span>Note:</span><span style="width:15.45pt; text-indent:0pt; display:inline-block"> </span><span>The holder is also the owner of the stock.</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the quantity of the stock held by the regulated entity as mentioned in columns 1 and 2, broken down:</span></p><p class="Tablea"><span>(a) into the relevant categories and subcategories of covered product mentioned in Schedule</span><span> </span><span>1; and</span></p><p class="Tablea"><span>(b) by each country in which the stock is kept in storage</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><a id="CU_528527"></a><span>3</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>holding a contractual right to take possession of any of the following in the circumstance prescribed by paragraph</span><span> </span><span>7(b) (about covered products on water):</span></p><p class="Tablea"><span>(a) crude oil;</span></p><p class="Tablea"><span>(b) condensate;</span></p><p class="Tablea"><span>(c) liquefied petroleum gas;</span></p><p class="Tablea"><span>(d) natural gas liquid;</span></p><p class="Tablea"><span>(e) gasoline;</span></p><p class="Tablea"><span>(f) diesel;</span></p><p class="Tablea"><span>(g) kerosene;</span></p><p class="Tablea"><span>(h) fuel oil;</span></p><p class="Tablea"><span>(i) biofuel;</span></p><p class="Tablea"><span>(j) refinery feedstock (other)</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the regulated entity who holds the stock (by holding the contractual right)</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the quantity of the stock held by the regulated entity as mentioned in columns 1 and 2, broken down:</span></p><p class="Tablea"><span>(a) into the relevant categories (but not subcategories) of covered product mentioned in Schedule</span><span> </span><span>1; and</span></p><p class="Tablea"><span>(b) as mentioned in subsection</span><span> </span><span>(4) of this section</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>holding stock of any of the following covered products on water, other than as mentioned in item</span><span> </span><span>3:</span></p><p class="Tablea"><span>(a) crude oil;</span></p><p class="Tablea"><span>(b) condensate;</span></p><p class="Tablea"><span>(c) liquefied petroleum gas;</span></p><p class="Tablea"><span>(d) natural gas liquid;</span></p><p class="Tablea"><span>(e) gasoline;</span></p><p class="Tablea"><span>(f) diesel;</span></p><p class="Tablea"><span>(g) kerosene;</span></p><p class="Tablea"><span>(h) fuel oil;</span></p><p class="Tablea"><span>(i) biofuel;</span></p><p class="Tablea"><span>(j) refinery feedstock (other)</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the person who owns the stock at the end of the reporting period</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the quantity of the stock owned by the person as mentioned in columns 1 and 2, broken down:</span></p><p class="Tablea"><span>(a) into the relevant categories (but not subcategories) of covered product mentioned in Schedule</span><span> </span><span>1; and</span></p><p class="Tablea"><span>(b) as mentioned in subsection</span><span> </span><span>(4) of this section</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:109.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>holding input stock, working stock or output stock at an Australian GLOWS facility</span></p></td><td style="width:95.5pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the regulated entity who holds the stock</span></p></td><td style="width:138.05pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the quantity of stock held at the facility as mentioned in columns 1 and 2, broken down into:</span></p><p class="Tablea"><span>(a) the relevant categories and subcategories of covered product mentioned in Schedule</span><span> </span><span>1; and</span></p><p class="Tablea"><span>(b) input stock, working stock and output stock</span></p></td></tr></tbody></table>