South Australian Current Acts

COOPER BASIN (RATIFICATION) ACT 1975 - SECT 3

3—Interpretation

        (1)         In this Act, unless the contrary intention appears—

"AGL Letter of Agreement" means the letter of agreement entered into on 26 May 1971 between The Australian Gas Light Company of the one part and Alliance Petroleum Australia NL, Basin Oil NL, Bridge Oil Ltd (formerly Bridge Oil NL), Delhi International Oil Corporation, Pursuit Oil NL, Reef Oil NL, Santos Ltd, Total Exploration Australia Pty Ltd, and Vamgas NL of the other part and includes all agreements supplementing or amending that agreement—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance;

"authorised agreement"—each of the following is an authorised agreement:

            (a)         the Indenture;

            (b)         the Liquids Agreement;

            (c)         the AGL Letter of Agreement;

            (d)         the Fixed Factor Settlement Agreement;

            (e)         the Right of Way Agreement;

            (f)         the Unit Agreement;

            (g)         the Downstream Agreement;

            (h)         Pipeline Licence No 2;

                  (i)         each of the Liquids Sales Contracts;

"Downstream Agreement" means the agreement made on 31 December 1981 between Alliance Petroleum Australia NL, Basin Oil NL, Bridge Oil Ltd, Bridge Oil Developments Pty Ltd, Crusader Resources NL, Delhi Petroleum Pty Ltd, Reef Oil NL, Santos Ltd, South Australian Oil and Gas Corporation Pty Ltd, Total Exploration Australia Pty Ltd, and Vamgas Ltd and includes all agreements supplementing or amending that agreement—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance;

"Fixed Factor Settlement Agreement" means the agreement dated 5 December 1996 between Santos Ltd, Delhi Petroleum Pty Ltd, Santos Petroleum Pty Ltd, Boral Energy Resources Ltd, Vamgas Pty Ltd, Crusader Resources NL, Bridge Oil Developments Pty Ltd, Santos (BOL) Pty Ltd, Reef Oil Pty Ltd, Alliance Petroleum Australia Pty Ltd, and Basin Oil NL and includes all instruments supplementing or amending that agreement—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance;

"Indenture" means the indenture a copy of which is set out in the Schedule and includes appendices forming part of that indenture and, subject to section 5, includes that indenture as amended;

"liquids" means any product (as defined in the Liquids Agreement) to which the Liquids Agreement relates;

"Liquids Agreement" means the Stony Point (Liquids Project) Indenture;

"Liquids Sales Contracts" means the contracts for or in relation to the sale of liquids made by the Producers or any one or more of them before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 and includes all instruments supplementing or amending any such contract—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance;

"party" includes an agent, successor or assign of a party;

"Pipeline Licence No 2" means the pipeline licence referred to in the Liquids Agreement as Pipeline Licence No 2;

"Right of Way Agreement" means the agreement referred to in the Liquids Agreement as the PASA and Producers (Right of Way) Agreement and includes all instruments supplementing or amending that agreement—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance;

"Unit Agreement" means the agreement entered into on 21 December 1976 between Alliance Petroleum Australia NL, Basin Oil NL, Bridge Oil Ltd, Delhi International Oil Corporation, Pursuit Oil NL, Reef Oil NL, Santos Ltd and Vamgas NL and includes all agreements supplementing or amending that agreement (including supplementary or amending agreements to which a person who is not a party to the principal agreement is a party)—

            (a)         that were made before the commencement of the Cooper Basin (Ratification) Amendment Act 2003 ; or

            (b)         that are authorised or ratified by an Act; or

            (c)         that are submitted to, and approved by, the Minister as being of only minor significance.

        (2)         Where an expression used in this Act is defined in Clause 1 of the Indenture that expression shall, for the purposes of this Act and unless the contrary intention appears, bear the meaning assigned to it by that clause.