84APublic distribution company, public transmission company and public generation company

84A Public distribution company, public transmission company and public generation company

A public distribution company, public transmission company or public generation company is a public authority but does not represent the Crown.

S. 84AAA inserted by No. 55/1997
s. 7.

84AAA Certain assets not to be fixtures

(1) The Minister may, by written notice, declare that specified assets that are affixed to land and that are disposed of by VPX, a public transmission company or a public generation company are taken, for all purposes, to be separate assets being chattels personal and not fixtures.

(2) The declaration has effect accordingly.

New s. 84AA inserted by No. 79/1995 s. 10.

84AA Financial benefits given on arm's length terms

(1) A financial benefit given before 1 July 1995 by a distribution company or generation company under a relevant contract to a recipient is deemed for the purposes of Part 3.2A of the Corporations Law of Victoria (despite anything to the contrary in that Law) to have been given on terms and conditions no more favourable to the recipient than those on which it is reasonable to expect that the first-mentioned distribution company or generation company would have given the benefit directly if dealing with the recipient at arm's length in the same circumstances.

(2) In subsection (1)—

recipient means Power Net Victoria, VPX, SEC, Generation Victoria, a distribution company or a generation company;

relevant contract means use of system agreement, connection agreement, distribution system agreement, tariffs and charges deed or vesting hedging contract.

S. 84AB inserted by No. 79/1995 s. 10, amended by No. 35/1997 s. 22(c), repealed by No. 33/2014 s. 10.

S. 84AC inserted by No. 79/1995 s. 10, amended by Nos 68/2001 s. 18, 34/2013 s. 35(Sch. 2 item 3).

84AC Building Act 1993

The Victorian Building Authority under the Building Act 1993, by notice published in the Government Gazette, may determine that building work, or a building, on land of a generation company is exempt from the provisions of the Building Act 1993 and regulations under that Act specified in the notice, subject to such conditions (if any) as are so specified.

S. 84B inserted by No. 53/1994 s. 18, amended by No. 110/1994 s. 33(2).