{"id":"nsw:sl-2016-0630","name":"Electricity Generator Assets (Authorised Transactions) Regulation 2016","slug":"electricity-generator-assets-authorised-transactions-regulation-2016","collection":"regulation","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"630 of 2016","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":177504,"registerId":"nsw-nsw:sl-2016-0630-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of Regulation","content":"#### 1 Name of Regulation\n\n1 Name of Regulation\n\n> This Regulation is the [Electricity Generator Assets (Authorised Transactions) Regulation 2016](/view/html/inforce/current/sl-2016-0630).","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This Regulation commences on the day on which it is published on the NSW legislation website.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n3 Definitions\n\n> > (1) In this Regulation:\n> > \n> > the Act means the [Electricity Generator Assets (Authorised Transactions) Act 2012](/view/html/inforce/current/act-2012-035).\n> > \n> > Note—\n> > \n> > The Act and the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) contain definitions and other provisions that affect the interpretation and application of this Regulation.\n> \n> > (2) Notes included in this Regulation do not form part of this Regulation.","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Other functions of Corporation","content":"#### 4 Other functions of Corporation\n\n4 Other functions of Corporation\n\n> The following functions are prescribed for the purposes of section 12 (5) (c) of the Act as other functions of the Electricity Assets Ministerial Holding Corporation:\n> \n> > (a) the function of providing funding to a transaction company for the activities of the company,\n> \n> > (b) the function of transferring any assets, rights and liabilities held by the Corporation to a public sector agency for the purposes of an authorised transaction,\n> \n> > (c) the function of holding, on behalf of the Crown, assets, rights and liabilities transferred to the Corporation that have ceased to be electricity generator assets, and carrying on any activities or business that relate to those assets, rights and liabilities (including demanding, collecting and receiving charges, levies, rates and fees).\n> \n> Note—\n> \n> Clause 2 of Schedule 1 to the Act gives an extended meaning to the expression “for the purposes of an authorised transaction”. A transaction company is a company established as a transaction company pursuant to the Act.","sortOrder":3}],"analysis":{"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This regulation appears to be operating within its original intended scope. It is a straightforward machinery provision that prescribes specific functions for the Electricity Assets Ministerial Holding Corporation under the parent Act. There is no evidence of scope creep; it simply implements the Act's framework for managing electricity generator asset transactions."},"complexity_factors":["Very short instrument (4 clauses total)","Only 1 defined term ('the Act') in the interpretation section","No cross-references to other legislation beyond the parent Act and standard Interpretation Act reference","Simple list structure (paragraphs a, b, c) with no nested conditions or exceptions","Operative provision (clause 4) is a straightforward prescription of functions without conditional triggers"],"plain_english_summary":"This regulation adds three specific powers to a NSW government body called the **Electricity Assets Ministerial Holding Corporation**.\n\n**What it does:**\nThe regulation gives this Corporation three new jobs:\n- **Funding power**: It can give money to special companies set up to handle electricity asset sales (called \"transaction companies\")\n- **Transfer power**: It can move assets, rights, and debts to other government agencies when preparing for authorised sales or transfers of electricity generator assets\n- **Holding power**: It can hold onto assets that used to be electricity generator assets (but aren't anymore) on behalf of the NSW Government, and continue running any business activities related to them — including collecting fees and charges\n\n**Who it affects:**\n- The Electricity Assets Ministerial Holding Corporation (a NSW government entity)\n- Transaction companies involved in electricity asset privatisation\n- Public sector agencies receiving transferred assets\n- Potentially customers or users who pay charges/fees related to these held assets\n\n**Why it matters:**\nThis regulation supports the privatisation and restructuring of NSW electricity generation assets. It ensures the Holding Corporation has clear legal authority to manage the messy \"in-between\" stages of asset transfers — providing bridge funding, moving assets between agencies, and managing legacy assets that no longer fit the \"electricity generator\" category but still need oversight."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"Based on the available metadata, the regulation appears to have remained unchanged since it came into force on 21 October 2016. There is only one point-in-time version recorded, suggesting no amendments have been made to date. No evidence of scope change from original intent can be identified."},"complexity_factors":["Sits within a specialised privatisation and energy law framework, requiring familiarity with the parent Act","Involves government asset transactions, which typically carry layers of corporate, administrative, and energy regulation","The full substantive content of the regulation was not provided, preventing assessment of definitional complexity, cross-references, or technical provisions","Energy sector regulations in NSW often interact with national electricity laws (e.g., National Electricity Law), adding potential jurisdictional complexity","Complexity score is conservative given the absence of actual legislative text to analyse"],"plain_english_summary":"This NSW regulation sits under the Electricity Generator Assets (Authorised Transactions) Act and adds rules for the sale, lease or transfer of government-owned electricity generation assets. It primarily affects the NSW Government, state-owned generators and private parties involved in such transactions, and matters because it governs how privatisation or control changes may occur. Note: the regulation’s substantive provisions were not provided, so detailed specifics aren’t available."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"This Regulation prescribes additional 'other functions' under section 12(5)(c) of the Act (cl.4). It therefore expands and clarifies the Corporation's remit by explicitly authorising (a) provision of funding to transaction companies, (b) transfer of assets/rights/liabilities to public sector agencies for authorised transactions, and (c) holding assets that have ceased to be electricity generator assets and conducting related activities including collecting charges. The Regulation supplements the Act rather than removing existing functions."},"complexity_factors":["Short, single-purpose instrument (low volume of provisions)","Cross-references to the Electricity Generator Assets (Authorised Transactions) Act 2012 and the Interpretation Act 1987 (cl.3(1))","Relies on defined terms from the Act (eg. 'transaction company', 'authorised transaction'), requiring reading of the Act for full meaning","Delegated administrative discretion (broad functions such as 'providing funding' and 'carrying on any activities or business')","Operational effects on finance and asset management (funding transfers, asset transfers, fee collection) that interact with public sector agencies","Note referencing Schedule 1 of the Act (extended meaning) introduces secondary interpretive step"],"plain_english_summary":"This Regulation adds specific functions to the Electricity Assets Ministerial Holding Corporation. It authorises the Corporation to provide funding to transaction companies, to transfer assets/rights/liabilities to public sector agencies for authorised transactions, and to hold former electricity generator assets and carry on related activities (including collecting charges) (cl.4, for s12(5)(c) of the Act).\n\nWho pays: the Corporation (on behalf of the Crown/public funds). Who decides: the Corporation. Behaviour change: enables funding, asset transfers and fee collection linked to authorised transactions."}},"importantCases":[],"_links":{"self":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016","history":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016/history","analysis":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016/analysis","conflicts":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016/conflicts","importantCases":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016/important-cases","documents":"/api/acts/electricity-generator-assets-authorised-transactions-regulation-2016/documents"}}