Commonwealth Numbered Acts

PIPELINE AUTHORITY AMENDMENT ACT 1992 No. 188, 1992 - SECT 13

13. After section 16 of the Principal Act the following sections are inserted:
Limitation on formation etc. of companies

"16A.(1) Except with the written approval of the Minister, the Authority must
not:

   (a)  form, or participate in the formation of, a company that would, on its
        formation, be a subsidiary of the Authority; or

   (b)  subscribe for, or otherwise acquire, shares in a company if, on the
        Authority becoming the holder of those shares, the company becomes a
        subsidiary of the Authority.

"(2) An approval may be subject to terms and conditions specified in the
approval.

"(3) The Minister may revoke or vary the terms and conditions specified in an
approval.

"(4) The Minister must not specify terms and conditions in an approval in
relation to the amounts to be charged for work done, or services, goods or
information supplied by the Authority.

"(5) It is the duty of the Authority to comply with any terms and conditions
specified in an approval.

"(6) The revocation or variation of terms and conditions under subsection (3)
does not affect any contracts entered into, or acts done, before the day on
which the terms and conditions were revoked or varied, as the case may be.
Sale or disposal of pipeline not prevented

"16B. Nothing in this Act is to be taken to prevent the sale or disposal of a
pipeline.".