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Name of Regulation
1 Name of Regulation
1 Name of Regulation
This Regulation is the Electricity Generator Assets (Authorised Transactions) Regulation 2016.
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New South Wales regulation
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).
Who 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.
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Direct links to the current provisions in Electricity Generator Assets (Authorised Transactions) Regulation 2016.
1 Name of Regulation
This Regulation is the Electricity Generator Assets (Authorised Transactions) Regulation 2016.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Definitions
(1) In this Regulation:
the Act means the Electricity Generator Assets (Authorised Transactions) Act 2012.
Note—
The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.
(2) Notes included in this Regulation do not form part of this Regulation.
4 Other functions of Corporation
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:
(a) the function of providing funding to a transaction company for the activities of the company,
(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,
(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).
Note—
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.
Sourced from legislation.nsw.gov.au, CC BY 4.0.
1 Name of Regulation
This Regulation is the Electricity Generator Assets (Authorised Transactions) Regulation 2016.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Definitions
(1) In this Regulation:
the Act means the Electricity Generator Assets (Authorised Transactions) Act 2012.
Note—
The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.
(2) Notes included in this Regulation do not form part of this Regulation.
4 Other functions of Corporation
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:
(a) the function of providing funding to a transaction company for the activities of the company,
(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,
(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).
Note—
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.