Victorian Current Acts

WESTERNPORT DEVELOPMENT ACT 1967 - PREAMBLE

Preamble

WHEREAS Hematite Petroleum Proprietary Limited a company incorporated in the State of Victoria under the Companies Act 1961 and Esso Exploration and Production Australia Inc. a company incorporated in Delaware one of the United States of America and registered as a foreign company in the State of Victoria are desirous of establishing a fractionation plant at Old Tyabb to enable the petroleum recovered in the waters adjacent to the State of Victoria to be further processed:

AND WHEREAS the operation of the fractionation plant requires the establishment of adequate port facilities in Westernport:

AND WHEREAS an agreement to facilitate the establishment of the fractionation plant and the port facilities has been entered into between the Premier of the State of Victoria and the Companies:

AND WHEREAS the agreement is expressed to be subject to ratification of the Parliament of Victoria:

AND WHEREAS it is expedient in the public interest to ratify validate approve and otherwise give effect to the said agreement and to make other provisions hereinafter provided.

BE IT THEREFORE ENACTED by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and the Legislative Assembly of Victoria in this present Parliament assembled and by the authority of the same as follows (that is to say):