New South Wales Consolidated Acts
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ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015 - SECT 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.
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