19ABass Strait Islands power system

19A Bass Strait Islands power system

[Section 19A Inserted by No. 9 of 2012, s. 14, Applied:28 Aug 2013]

(1)  In this section –

Bass Strait Islands power system means the system for generation and distribution of electricity in the Bass Strait Islands.

(2)  On the day on which this section comes into operation, the Regulator must issue –

(a) a licence to the Hydro-Electric Corporation to carry on, in relation to the Bass Strait Islands, the operations in the electricity supply industry referred to in section 17(2)(a) ; and

(b) a licence to the Hydro-Electric Corporation to carry on, in relation to the Bass Strait Islands, the operations in the electricity supply industry referred to in section 17(2)(c) ; and

(c) a licence to the Hydro-Electric Corporation to carry on the operations in the electricity supply industry referred to in section 17(2)(d) .

(3)  Section 19 , section 21 , section 27(1) and (3) , section 29 and section 30 do not apply in relation to a licence issued under subsection (2) .

(4)  On the day on which this section comes into operation, section 4 of the Electricity Supply Industry Restructuring (Savings and Transitional Provisions) Act 1995 ceases to apply in relation to the Hydro-Electric Corporation in respect of regulated operations, in an electricity supply industry referred to in section 17(2)(a) , (c) or (d) , carried on in relation to the Bass Strait Islands.

(5)  The Regulator, with the approval of the Treasurer and the Minister, may –

(a) by notice in writing to the Hydro-Electric Corporation, revoke a licence issued under subsection (2) ; or