Commonwealth Numbered Acts

Bass Strait Freight Adjustment Trust Fund Act 1984 No. 24 of 1984 - SECT 10

10. (1) In making a determination under paragraph 9 (1) (a) of the unit
freight rate for transporting prescribed oil to a refinery by ship, the
Minister shall-

   (a)  base the rate on the product of-

        (i)    the rate known as the Average Freight Rate Assessment for a
               large range tanker of a capacity that does not exceed 80,000
               tonnes; and

        (ii)   the rate known as the Worldscale rate for such a tanker;

   (b)  allow for insurance and losses in the amount ascertained in accordance
        with the formula-

6 (G + H)
----------------
1,000
where-

G is the amount specified in the product, expressed as an amount per
kilolitre, of the rates referred to in paragraph (a); and

H is the amount specified in the Import Parity Price within the meaning of
section 6B of the Excise Tariff Act 1921; and

   (c)  have regard to such other matters as the Minister thinks appropriate.

(2) In making a determination under paragraph 9 (1) (a) of the unit freight
rate for transporting prescribed oil to a refinery by a pipeline, the Minister
shall-

   (a)  base the rate on the pipeline charges for that pipeline; and

   (b)  have regard to such other matters as the Minister thinks appropriate.