19GReports—New MSO entities

19G Reports—New MSO entities

(1) For the purposes of section 11 of the Act: (a) a report must be given under that section if: (i) a covered activity of importing or refining is undertaken in Australia, in relation to an MSO product during a calendar year; and (ii) the entity undertaking the activity imported or refined more than the amounts applicable under section 17 of the MSO rules; and (iii) the regulated entity undertaking the activity is not subject to the MSO in relation to the MSO product under the FS Act; and (b) the report must be given by the regulated entity that undertakes the covered activity; and (c) the report must be given to the Secretary within 21 days after the end of the calendar year. (2) The report must include the following fuel information: (a) if the reporting entity is an importer—the total volume, rounded to the nearest megalitre, of MSO product imported by the entity in the previous calendar year, based on relevant N10 forms and N30 forms; (b) if the reporting entity is a refiner—the total volume, rounded to the nearest megalitre, of MSO product refined by the entity in the previous calendar year; (c) the entity’s total storage capacity, in megalitres, for each MSO product at the end of the calendar year and the location and capacity of each storage site. (3) This section applies in relation to the 2022 calendar year and subsequent calendar years.