27Grant of relevant authorisations

27 Grant of relevant authorisations

27 Grant of relevant authorisations

(1) The Treasurer may by order in writing given to the relevant administering agency direct the grant of a specified relevant authorisation to a person who becomes or who it is proposed will become the new operator of any electricity network assets pursuant to an authorised transaction.

(2) Such a direction (a grant direction) operates to grant the specified relevant authorisation on such terms and conditions and subject to such endorsements as may be specified in the direction, and so operates—

(a) without the need for any action by the relevant administering agency, and

(b) without the need for the making or determination of any application for the relevant authorisation, and

(c) despite any requirement of or restriction imposed by a relevant law in relation to the grant of a relevant authorisation.

(3) A grant direction may only direct the grant of a relevant authorisation that—

(a) operates to transfer or replace a relevant authorisation that is currently in force, and

(b) is subject to terms, conditions or endorsements that are the same (or to substantially the same effect) as those to which that relevant authorisation is subject.

(4) A grant direction may direct the grant of more than one relevant authorisation to transfer or replace an existing relevant authorisation.

(5) The Treasurer is to consult with the relevant administering agency before giving a grant direction for a relevant authorisation.

(6) The Treasurer may direct the relevant administering agency to give effect to a grant direction by formally granting, and issuing the appropriate documentation for, the relevant authorisation concerned. The relevant administering agency must comply with the Treasurer’s direction within the period specified in the direction.

(7) Anything done by an electricity network SOC or other public sector agency in compliance with a condition or endorsement of a relevant authorisation in relation to electricity network assets of which a person is the new operator is taken to have been done by the new operator for the purposes of any corresponding condition or endorsement of a relevant authorisation granted to the new operator pursuant to this section.