8AB

Meaning of small shipper

Current

(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.

This Act’s bill:Second reading speech

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