30Terminology for transacted systems

#### 30 Terminology for transacted systems 30 Terminology for transacted systems > > (1) When electricity network assets comprising a distribution or transmission system are transferred to the private sector for the purposes of an authorised transaction, the distribution system or transmission system becomes, and may be referred to in this or any other Act as, a transacted distribution system or transacted transmission system. > > > (2) For the purposes of this or any other Act— > > > > > (a) an entity that controls or operates a transacted distribution system or transacted transmission system may be referred to as an authorised distributor (for a distribution system) or an authorised transmission operator (for a transmission system), and > > > > > (b) authorised distributors and authorised transmission operators may be referred to as authorised network operators, and > > > > > (c) the public sector agency that is the lessor of electricity network assets comprising a transacted distribution system or transacted transmission system may be referred to as the lessor or the owner of the transacted distribution system or transacted transmission system. > > > (3) A reference (however expressed) in any Act or statutory rule to the distribution system, transmission system or electricity works of a network operator is (in the context of the controller or operator of a transacted distribution system or transacted transmission system) a reference to the distribution system, transmission system or electricity works controlled or operated by the network operator.