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.