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Agreement ratified and implementation authorised

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4 Agreement ratified and implementation authorised

(1)

The Agreement is ratified.

(2)

The implementation of the Agreement is authorised.

(3)

Without limiting or otherwise affecting the application of the Government Agreements Act 1979, the Agreement shall operate and take effect notwithstanding any other Act or law.

Schedule — Dardanup Pine Log Sawmill Agreement

[s. 3]

[Heading amended: No. 19 of 2010 s. 4.]

THE AGREEMENT

DARDANUP PINE LOG SAWMILL AGREEMENT

THIS AGREEMENT is made this 26th day of May 1992

BETWEEN

THE HONOURABLE CARMEN MARY LAWRENCE, B.Psych.,Ph.D., M.L.A., Premier of the State of Western Australia, acting for and on behalf of the said State and its instrumentalities from time to time (hereinafter called “the State”) of the first part

WESPINE INDUSTRIES PTY. LTD. ACN 052 954 337 a company incorporated in the State of Western Australia and having its registered office at 10th Floor, 225 St George’s Terrace, Perth (hereinafter called “the Company” in which term shall be included its successors and permitted assigns) of the second part WESTRALIAN FOREST INDUSTRIES LIMITED ACN 008 672 740 a company incorporated in the State of Western Australia and having its registered office at 1‑27 Somersby Road, Kewdale (hereinafter called “WESFI”) of the third part

AND BUNNINGS LIMITED ACN 008 673 363 a company incorporated in the State of Western Australia and having its registered office at 4th Floor, 255 Adelaide Terrace, Perth (hereinafter called “Bunnings”) of the fourth part.

W H E R E A S:

(a)

the Company is desirous of expanding the operations of the existing pine log sawmill at Dardanup for the production of finished timber for sale into domestic and international markets by progressively over ten years increasing the throughput of the sawmill from the current log input capacity of 70,000 cubic metres to 400,000 cubic metres per annum;

(b)

timber to the pine log sawmill is to be sourced in part from State softwood forest pursuant to an agreement to be entered into between the Company and the Executive Director of the Department of Conservation and Land Management;

(c)

the State for the purpose of promoting employment opportunity and industrial development in Western Australia desires to assist the proposed expansion upon and subject to the terms of this Agreement.

NOW THIS AGREEMENT WITNESSES:

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