Victorian Current Acts

LOY YANG B ACT 1992 - SECT 3

In this Act—

"Commission" means the State Electricity Commission of Victoria;

"business or undertaking", in relation to the Commission, means—

        (a)     the business of the erection, construction or provision of works, appliances and conveniences for the generation, acquisition, use, transmission, distribution or supply of electricity; and

        (b)     buildings, works, mines, open-cuts, quarries, water, land, machinery, plant, towers, electric lines, cables and appliances used for or in connection with that business;

"financial accommodation" means a financial benefit or assistance to obtain a financial benefit arising from or as a result of—

        (a)     a loan;

        (b)     issuing, endorsing or otherwise dealing in promissory notes;

        (c)     drawing, accepting, endorsing or otherwise dealing in bills of exchange;

        (d)     issuing, purchasing or otherwise dealing in securities;

        (e)     granting or taking a lease of any real or personal property for financing but not for operating purposes;

        (f)     any other arrangement that the Governor in Council on the recommendation of the Treasurer approves;

"guarantee" includes indemnity;

"Loy Yang land" means the land shown hatched on the plan in Schedule 2;

"participant" has the same meaning as in the State Agreement;

"power station" has the same meaning as in the State Agreement;

"project" has the same meaning as in the State Agreement;

"project area" means the land (other than the land bordered in blue) delineated on the plan lodged in the Central Plan Office and numbered LEGL/92–1;

"project agreements" has the same meaning as in the State Agreement;

"sell" includes otherwise dispose of;

S. 3 def. of subsidiary substituted by No. 44/2001 s. 3(Sch. item 76).

"subsidiary" of the Commission, means a body corporate that is a subsidiary (within the meaning of the Corporations Act) of the Commission;

"statutory body" means a body corporate established by or under an Act for a public purpose or a body corporate all the shares in which are owned, whether directly or indirectly, by or on behalf of a body corporate so established or the State;

"State Agreement" means the Agreement entered into by the Minister in accordance with section 5 and ratified and approved under section 6 and, if that Agreement is varied in accordance with section 9, that Agreement as varied and in force for the time being.

S. 3A inserted by No. 11/2024 s. 97.