Western Australian Consolidated Regulations

PETROLEUM PIPELINES REGULATIONS 1970 - REG 4D

4D .         Instrument under Act s. 47(4)(b)

        (1)         For the purposes of section 47(4)(b) of the Act, the following particulars are prescribed — 

            (a)         description and date of execution of the instrument evidencing the dealing referred to in section 47(4)(a) of the Act (in this subregulation referred to as the dealing );

            (b)         details of the licence (including the number of the licence) to which the dealing relates;

            (c)         full name and business address of each party to the dealing;

            (d)         details of the effect or effects, on registration, of the dealing specified in the relevant paragraph or paragraphs of section 47(1) of the Act;

            (e)         details of the interest or interests in the licence of all parties to the dealing — 

                  (i)         before the registration of the dealing; and

                  (ii)         in the event of approval of the dealing, after the registration of the dealing;

            (f)         in respect of any related dealing in relation to which an entry has been made in the register or an application in writing for approval by the Minister has been lodged (whether before or after the day fixed under section 2(1) of the Acts Amendment (Petroleum) Act 1990  ³ ) — 

                  (i)         description and date of execution of the instrument evidencing the dealing;

                  (ii)         date of approval by the Minister (if appropriate); and

                  (iii)         registration number (if any).

        (2)         In subregulation (1) — 

        related dealing means any dealing executed, before the execution of the instrument evidencing the dealing referred to in subregulation (1)(a), by some or all of the parties to that instrument — 

            (a)         that affects the licence which is the subject of the dealing to which the instrument referred to in subregulation (1)(a) relates; and

            (b)         that — 

                  (i)         creates or assigns an option to enter into the dealing referred to in subregulation (1)(a);

                  (ii)         creates or assigns a right to enter into the dealing referred to in subregulation (1)(a); or

                  (iii)         is altered or terminated by the dealing referred to in subregulation (1)(a),

        and includes any transaction in respect of which an instrument was registered under section 47 of the Act before the day fixed under section 2(1) of the Acts Amendment (Petroleum) Act 1990  ³ .

        [Regulation 4D inserted in Gazette 28 Sep 1990 p. 5103-4.]