14Exemption of Delta Power and Energy for BHP contract

14 Exemption of Delta Power and Energy for BHP contract

14 Exemption of Delta Power and Energy for BHP contract

(1) Delta Power and Energy is exempted from the National Law for the sale or supply of electricity under the BHP Port Kembla Slab and Plate Products Contract.

(2) An exemption under this section ceases to have effect if the BHP Port Kembla Slab and Plate Products Contract is varied unless the Minister determines, by written notice to Delta Power and Energy, that the exemption extends to the sale or supply of electricity under the contract as varied.

(3) In this section—

BHP Port Kembla Slab and Plate Products Contract means the contract between Delta Power and Energy and Bluescope Steel arising from the agreements between the parties, or their predecessors or successors in title, dated 24 May 1955, 27 November 1958 and 1 December 1969 and any variations of contract arising from the following—

(a) the Combined Port Kembla and Newcastle Supplementary Agreement No 1 between Delta Power and Energy, Bluescope Steel and BHP Group Limited (ACN 004 028 077) dated 19 June 1998,

(b) the Port Kembla Supplementary Deed No 1 dated 28 January 2004, and the Port Kembla Supplementary Deed No 1 dated 4 July 2008, between Delta Power and Energy and Bluescope Steel.

Bluescope Steel means Bluescope Steel (AIS) Pty Ltd (ACN 000 019 625).

Delta Power and Energy means Delta Power and Energy (Vales Point) Pty Ltd (ACN 162 696 335).