##### 12A  Meaning of critical liquid fuel asset - \(1\) An asset is a critical liquid fuel asset if it is any of the following: - \(a\) a liquid fuel refinery that is critical to ensuring the security and reliability of a liquid fuel market, in accordance with subsection \(2\); - \(b\) a liquid fuel pipeline that is critical to ensuring the security and reliability of a liquid fuel market, in accordance with subsection \(3\); - \(c\) a liquid fuel storage facility that is critical to ensuring the security and reliability of a liquid fuel market, in accordance with subsection \(4\)\. Note: The rules may prescribe that a specified critical liquid fuel asset is not a critical infrastructure asset \(see section 9\)\. - \(2\) For the purposes of paragraph \(1\)\(a\), the rules may prescribe: - \(a\) specified liquid fuel refineries that are critical to ensuring the security and reliability of a liquid fuel market; or - \(b\) requirements for a liquid fuel refinery to be critical to ensuring the security and reliability of a liquid fuel market\. - \(3\) For the purposes of paragraph \(1\)\(b\), the rules may prescribe: - \(a\) specified liquid fuel pipelines that are critical to ensuring the security and reliability of a liquid fuel market; or - \(b\) requirements for a liquid fuel pipeline to be critical to ensuring the security and reliability of a liquid fuel market\. - \(4\) For the purposes of paragraph \(1\)\(c\), the rules may prescribe: - \(a\) specified liquid fuel storage facilities that are critical to ensuring the security and reliability of a liquid fuel market; or - \(b\) requirements for a liquid fuel storage facility to be critical to ensuring the security and reliability of a liquid fuel market\. --- ## Source and attribution Saved copy: C2018A00029 / C2026C00213 / f578e546a17068939a3a5a928474713f844dfae8 Scope: navPoint\_24 Compiled 2026\-06\-04\. This does not establish legal commencement\. Official source: https://www\.legislation\.gov\.au/C2018A00029/2026\-06\-04/2026\-06\-04/text/1/epub/OEBPS/document\_1/document\_1\.html Licence: https://creativecommons\.org/licenses/by/4\.0/ Based on content from the Federal Register of Legislation at 1 October 2026\. For the latest information on Australian Government legislation please go to https://www\.legislation\.gov\.au\. Converted XHTML into Tiptap JSON; recovered lists from paragraph classes; kept literal labels and text\. Print layout is changed\. The Commonwealth Coat of Arms is not covered by the CC BY licence\.