Industry Research and Development (Temporary Refinery Production Payment Program) Instrument 2021

I, Angus Taylor, Minister for Energy and Emissions Reduction, make the following instrument.

Dated 2 March 2021

Angus Taylor

Minister for Energy and Emissions Reduction

Contents

1 Name

2 Commencement

3 Authority

4 Definitions

5 Prescribed program

6 Specified legislative power

1  Name

  This instrument is the Industry Research and Development (Temporary Refinery Production Payment Program) Instrument 2021.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under section 33 of the Industry Research and Development Act 1986.

4  Definitions

  In this instrument:

Act means the Industry Research and Development Act 1986.

eligible transport fuel means automotive gasoline, premium automotive diesel, regular automotive diesel and aviation kerosene.

program: see subsection 5(1).

5  Prescribed program

 (1) For the purposes of subsection 33(1) of the Act, the Temporary Refinery Production Payment Program (the program) is prescribed.

 (2) The program provides grants for major oil refineries operating in Australia, calculated by reference to the amount of eligible transport fuel produced by those refineries between 1 January 2021 and 30 June 2021.

 (3) The purpose of the program is to maintain Australia’s fuel security through continued operation of onshore refining capability.

6  Specified legislative power

  For the purposes of subsection 33(3) of the Act, the power of the Parliament to make laws with respect to bounties on the production or export of goods (within the meaning of paragraph 51(iii) of the Constitution) is specified.