New South Wales Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [History] [Help]

NATIONAL GAS (NSW) LAW - SECT 8AB

Meaning of small shipper

8AB Meaning of small shipper

(1) A small shipper is a user or prospective user--
(a) who is, or seeks to be, a party to a contract with a service provider for the provision of a pipeline service by means of a pipeline; and
(b) for whom the total daily pipeline capacity right provided, or sought to be provided, under 1 or more contracts with the same service provider and by means of the same pipeline is not more than--
(i) the daily pipeline capacity right prescribed for this definition by the Regulations; or
(ii) if no daily pipeline capacity right is prescribed by the Regulations, the lesser of the following amounts--
(A) 5 terajoules per day;
(B) 20% of the pipeline's nameplate rating.
(2) However, a small shipper does not include a corporation with a market capitalisation of more than $500 000 000 or a related body corporate of the corporation.
Note--: See also section 19A in relation to related bodies corporate.
(3) In this section--

"nameplate rating" , in relation to a pipeline, means the maximum daily capacity of the pipeline under normal operating conditions.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback