Electricity Retained Interest Corporations Act 2015
4Retained interest
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4 Retained interest
4 Retained interest
(1) In this Act, retained interest means the interests of the State in—
(a) a lease of assets comprising or including network infrastructure assets (other than the interests of the State as the lessor of a transacted distribution system or transacted transmission system), or
(b) a public sector agency that is a lessee of such a lease or that is a partner in a partnership that is a lessee of such a lease.
(2) For the purposes of this Act, the retained interest is considered to be made up of separate parts with the part of the retained interest that is referable to the distribution system or transmission system previously controlled and operated by a particular electricity network SOC constituting a separate part of the retained interest.
Note—
The part of the retained interest that is referable to Ausgrid’s distribution system is considered to be separate from the part of the retained interest that is referable to Endeavour Energy’s distribution system.