Boosting Australia's Diesel Storage Program - Economic Growth and Job Creation

Boosting Australia's Diesel Storage Program is a key initiative to enhance fuel security, support economic growth, and create employment opportunities in Australia. With a focus on building additional onshore diesel storage capacity, this program aims to strengthen long-term fuel security, maintain competitive prices, and drive job growth. The timeline, applicant eligibility, and funding details provide a comprehensive overview of this strategic effort. Learn more about this initiative and contribute to Australia's economic recovery.

• Australia
• Diesel Storage
• Fuel Security
• Economic Growth
• Job Creation

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Uploaded on Mar 16, 2025 | 0 Views

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1. Boosting Australias Diesel Storage Program Webinar Event Chair Mr. Shane Gaddes, Head of Division, Liquid Fuel Taskforce Wednesday 10 February 2021 Supporting economic growth and job creation for all Australians | industry.gov.au

2. Australias Fuel Security Package The Government is implementing a ten year comprehensive fuel security package. The plan will secure Australia s long-term fuel security, keep prices low for consumers and create jobs. Delivered through a combined market and regulatory framework: Investing $200 million in a competitive grants program to build an additional 780ML of onshore diesel storage Creating a minimum stockholding obligation for key transport fuels; and Backing the refining sector through production payments. 16/03/2025 2

3. Program Overview Boosting Australia s Diesel Storage Program Boosting Australia's Diesel Storage Program 3

4. Boosting Australias Diesel Storage Program $200m in matched funding to support industry to build an additional 780 megalitres of domestic diesel storage capacity To support Australia s fuel security and create jobs, contributing to the Government s JobMaker Plan and COVID-19 economic recovery agenda. Projects are constructed owned and operated by industry and industry owns the diesel not the Government. Filling of the storage is not an eligible expense. Projects may receive between $6 million to $33.3 million for construction within 36 months - by 30 June 2024 Boosting Australia s Diesel Storage Program 4

5. Program Timeline Applications close 5:00pm AEST, Monday 22 February 2021 The timing reflects the ambition of the Government for projects to commence on 1 July 2021 Applications Close 22 February 2021 Eligibility Checks February March 2021 March 2021 Eligible Applications Assessed by Committee Minister Considers Committee Recommendations March April 2021 Negotiation of Grant Agreements and Announcements April June 2021 1 July 2021 Start of funding for the program and earliest start date for projects and payments Construction of projects and grants payments, 1 July 2021 to 30 June 2024 End of Grant Payments 30 June 2024 5

6. Applicant Eligibility ABN Holder, not tax exempt and registered for GST. Be a new project, which has not already commenced construction and meet additionality requirements. have at least $12 million in eligible expenditure. be designed to create no less than 20 megalitres in additional storage of diesel fuel at any individual site (projects may involve one or more sites across Australia). Boosting Australia s Diesel Storage Program 6

7. Assessment Criteria Evidence provided will be used to assess the competiveness of your application Three criteria: 1. Alignment with the program objectives. 2. Your capacity, capability and resources to deliver the project. 3. The impact of the grant funding on your project. Further detail should be added in your project plan Boosting Australia's Diesel Storage Program 7

8. Your Project Plan should: Outline your strategy to manage the project, identifying timeframes, budget, and risk Address work, health and safety, financial, land access, technical and environmental risk Detail how you project will comply with laws and regulation at the federal, state/territory and local level Demonstrate how you will comply with relevant Australian Standards for storage and handling of combustible liquids Boosting Australia's Diesel Storage Program 8

9. Application Process Non Eligible expenditure Costs of fuel stock and related transport Feasibility studies Ongoing operational costs Research activities not directly supporting eligible activities Activities, equipment or supplies that are already being supported through other sources Any in-kind contributions Financing costs including interest See Appendix B Eligible Expenditure Vs Incurred by you within the project period Be a direct cost of the project Be incurred by you to undertake required project audit activities Meet the eligible expenditure guidelines Plant and equipment Labour including on costs and administrative overheads See Appendix A Boosting Australia s Diesel Storage Program 9

10. Overview of the Application Assessment Phase We will review your application for completeness and eligibility. Eligible applications will be referred to the Assessment Committee. The Assessment Committee will make funding recommendations to the Minister. We will notify you in writing of the result of your application. Successful applicants must enter into a grant agreement with the Commonwealth. Boosting Australia's Diesel Storage Program 10

11. Reporting Requirements Reports must be submitted in line with the grant agreement Progress reports against agreed project milestones, project expenditure including expenditure of grant funds End of project report Grant payments will only be made if a satisfactory progress report has been received Site visits may be undertaken during the project period Boosting Australia s Diesel Storage Program 11

12. Tips for presenting a strong application against the Criteria Explain the project: Simple, clear description of project and outcomes Concrete statements of activities and milestones Sound basis and explanation of the project budget Address the assessment criteria in full Boosting Australia's Diesel Storage Program 12

13. Open Q&A Session Open a web browser on your device Navigate to slido.com Enter the event code: #T800 Lets talk ... Boosting Australia s Diesel Storage Program 13

14. Name: Business Grants Hub Contact Centre Phone: 13 28 46 industry.gov.au 14 Boosting Australia s Diesel Storage Program

15. Thank you Boosting Australia s Diesel Storage Program 15