8Plan for NSW renewable energy sector

8 Plan for NSW renewable energy sector

8 Plan for NSW renewable energy sector

(1) The plan required to be prepared by the board under section 7(4)(a) is to set out how to achieve the following objectives in relation to the construction of generation, storage and network infrastructure carried out under this Act in a cost effective way—

(a) to maximise the use of locally produced and supplied goods and services,

(b) to maximise the employment of suitable qualified local workers,

(c) to foster opportunities for apprentices and trainees,

(d) other objectives prescribed by the regulations.

(2) The board is to provide the plan to the Minister and to make any amendments requested by the Minister.

(3) The Minister may approve the plan only on the recommendation of the regulator.

(4) The regulator may recommend a board’s plan to the Minister only if satisfied that the plan—

(a) protects the financial interests of NSW electricity customers, and

(b) is consistent with Australia’s international trade obligations, and,

(c) promotes social and economic benefits for the NSW community and economy.

(5) A plan approved by the Minister must be published on the Department’s website and takes effect on the day it is published.

s 8: Am 2024 No 83, Sch 1[1].