Commonwealth Numbered Acts

PIPELINE AUTHORITY AMENDMENT ACT 1992 No. 188, 1992 - SECT 16

16. After section 18 of the Principal Act the following section is inserted:
Functions of subsidiary

"18A. If the Authority:

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

   (b)  subscribes for, or otherwise acquires, shares in a company that would
        on the Authority becoming the holder of those shares, become a
        subsidiary of the Authority; the functions the subsidiary may have are
        to be determined as if:

   (c)  the functions of the Authority included the following functions:

        (i)    to design pipelines for the conveyance or distribution of
               petroleum in Australia;

        (ii)   to construct pipelines for the conveyance or distribution of
               petroleum in Australia;

        (iii)  to acquire pipelines, or interests in pipelines, for the
               conveyance or distribution of petroleum in Australia;

        (iv)   to maintain pipelines for the conveyance or distribution of
               petroleum in Australia;

        (v)    to operate pipelines for the conveyance or distribution of
               petroleum in Australia;

        (vi)   to buy petroleum that is to be, is being or has been conveyed
               by the subsidiary and is in, or is to come into, the possession
               of the subsidiary for that purpose, and to sell petroleum so
               purchased;

        (vii)  to provide consultancy and transmission support services in
               relation to:

                (A)  the design; or

                (B)  the construction; or

                (C)  the maintenance; or

                (D)  the operation; of pipelines for the conveyance or
                     distribution of petroleum in Australia and in other
                     countries; and

   (d)  in its performance of the functions in paragraph (c), the Authority
        were subject to subsection 13(2).".