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.