An obligation jet fuel participant must record the volume of each class of obligation jet fuel purchased by that participant from each obligation fuel participant in a year where the sale is not zero-rated under the Goods and Services Tax Act 1985 less the volume of biofuels in that fuel.
Regulation 7: amended, on 1 January 2010, by regulation 7 of the Climate Change (Liquid Fossil Fuels) Amendment Regulations 2009 (SR 2009/283).