145Termination of peak demand reduction scheme on establishment of national scheme

145 Termination of peak demand reduction scheme on establishment of national scheme

145 Termination of peak demand reduction scheme on establishment of national scheme

(1) The Governor may, by proclamation published on the NSW legislation website, terminate the operation of a provision or all of the provisions of this Part.

(2) A proclamation may be made only if the Minister is satisfied that New South Wales is, or will be, a participant in a scheme (a national scheme) that—

(a) has been or will be established—

(i) nationally, or

(ii) in this State and at least one or more other States or Territories, and

(b) is designed to achieve outcomes that include encouraging activities that create peak demand reduction capacity.

(3) The termination of the operation of a provision takes effect on the day specified in the proclamation, not being a day earlier than the day on which the proclamation is published on the NSW legislation website.

(4) The day specified in the proclamation must not be a day that is earlier than the day on which New South Wales becomes, or will become, a participant in the national scheme.

(5) Regulations may be made about the effect of the termination of a provision of this Part on rights conferred or obligations imposed under this Part.