New South Wales Consolidated Acts

ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015 - SECT 29

29 Adjustment of electricity network SOC objectives and functions

(1) The Treasurer may by direction in writing to an electricity network SOC adjust the objectives and functions of the electricity network SOC in such manner as the Treasurer considers appropriate to ensure that the objectives and functions of the electricity network SOC remain appropriate, having regard to--

(a) the capacity of the electricity network SOC to give effect to or exercise its existing objectives and functions following the transfer of any of its electricity network assets for the purposes of an authorised transaction, and

(b) the objectives and functions that would be appropriate for any remaining electricity network assets of the electricity network SOC.

(2) The objectives and functions of an electricity network SOC may be adjusted under this section by being limited or dispensed with but not by being broadened.