New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]
ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015 - SECT 15
Transaction SOCs
15 Transaction SOCs
(1) A statutory State owned corporation may be established under this Act as a
transaction SOC for the purposes of an authorised transaction.
(2) The
Governor may by order published in the Gazette- (a) create a corporation under
a corporate name specified in the order, and
(b) specify the functions of the
corporation, and
(c) direct that the corporation is established as a
statutory State owned corporation and as a transaction SOC.
(3) On the day on
which the order takes effect- (a) a corporation is constituted with the
corporate name and functions specified in the order, and
(b) the
State Owned Corporations Act 1989 is amended by inserting in Schedule 5 the
corporate name specified in the order (to establish the corporation as a
statutory State owned corporation under that Act), and
(c) the State owned
corporation thereby established is a transaction SOC for the purposes of this
Act.
(4) The portfolio Minister of a SOC established under this section is
the Minister administering the Energy Services Corporations Act 1995 .
(5)
Schedule 2 has effect with respect to a transaction SOC. The provisions of
that Schedule are in addition to and (except to the extent to which that
Schedule otherwise provides) do not derogate from the provisions of the
State Owned Corporations Act 1989 .
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback