Oil Refinery (Hundred of Noarlunga) Indenture Act 1958 (SA)

South Australia Oil Refinery (Hundred of Noarlunga) Indenture Act 1958 An Act to approve and ratify an Indenture made between the State of South Australia and Standard Vacuum Refining Company (Australia) Proprietary Limited relating to the establishment and working of an oil refinery in the State, and to provide for carrying the provisions of that Indenture into effect, and for other purposes.

Contents 1 Short title 2 Interpretation 3 Ratification of Indenture 4 Supply of steam 5 Local government rates 6 Rights over foreshore 7 Trespassing on foreshore etc 8 Legal proceedings 10 Power in company to consent to use of certain facilities and services Schedule—The Indenture Legislative history

The Parliament of South Australia enacts as follows: 1—Short title This Act may be cited as the Oil Refinery (Hundred of Noarlunga) Indenture Act 1958. 2—Interpretation In this Act, unless the context otherwise requires— the Indenture means the indenture set out in the Schedule to this Act; the Company means the Company incorporated in Victoria under the name of Standard-Vacuum Refining Company (Australia) Proprietary Limited and includes its successors and assigns; the refinery site means the area of approximately 604 acres of land in the district council district of Noarlunga, which before the passing of this Act the Company has agreed to purchase for the purpose of building an oil refinery thereon; the refinery means the oil refinery established pursuant to the Indenture and includes any additions or changes made thereto from time to time; the State means The State of South Australia. 3—Ratification of Indenture The Indenture is hereby approved and ratified and shall notwithstanding any other Act or law, or any regulation proclamation or order, be carried out and take effect as though the provisions of clauses 3 to 16 thereof had been expressly enacted in this Act. 4—Supply of steam The Electricity Trust of South Australia may supply steam to the Company and for that purpose may install, operate and maintain such plant and equipment as it deems expedient. 5—Local government rates (1) The rates payable to the council of the local government area in which the refinery site is situated in respect of the refinery site and the refinery shall be— (a) for the year ending 30 June 2001—the sum of $218 580; (b) for the year ending 30 June 2002—the sum of $135 000; (c) for the year ending 30 June 2003—the sum of $108 000; (d) for the year ending 30 June 2004—the sum of $90 000; (e) for each subsequent year—whichever of the following sums is the lesser: (i) the sum obtained by increasing the amount payable under this section in respect of the immediately preceding financial year by the increase (if any) in the Consumer Price Index (All groups index for Adelaide) during the period of 12 months ending on 31 March in that financial year; or (ii) the sum obtained in accordance with the following formula: