(1) Subject to subregulation (2), for the purposes of the definition of reportable priority waste in section 3(1) of the Act, priority waste is prescribed as reportable priority waste for the purposes of section 142 of the Act if—
(a) it is classified as reportable priority waste (transactions) under regulation 66(3) or, had it been classified under regulation 66(3), it would be classified as reportable priority waste (transactions); or
(b) it is controlled waste transported into Victoria from another State or a Territory or out of Victoria.
(2) Subregulation (1) does not apply to priority waste that is transported—
(a) for no fee or reward; and
(b) as a net load that is less than 50 litres.