Section 28 — Reporting capacity to hold, etc.

(1)If an entity is subject to the minimum stockholding requirement in relation to an MSR product, and the entity intends —

(a)to undertake another MSR activity in relation to the same MSR product;

(b)to permanently or indefinitely cease undertaking an MSR activity in relation to the same MSR product; or

(c)to cease undertaking an MSR activity in relation to the same MSR product in circumstances in which paragraph (b) does not apply, the entity must give the Director‑General, Food Security a written advice in advance in accordance with subsection (2).

(2)The written advice must —

(a)set out details of the situation to which the advice relates;

(b)set out any matters that might affect the entity’s capacity to meet any minimum stockholding requirement in relation to an MSR product;

(c)be in accordance with any other requirements prescribed by the Part 2 Rules; and

(d)be given to the Director‑General, Food Security within the period (if any) prescribed by the Part 2 Rules for the situation.

(3)An entity that intentionally or negligently contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.