sec.13Public ownership targets

sec.13 Public ownership targets

Each of the following is a public ownership target for a class of energy asset— that 100% of public ownership of generation assets publicly owned and in operation on the commencement of this subsection, and that continue in operation, is maintained; that public ownership of transmission and distribution assets is 100%; that public ownership of deep storage assets is 100%. The Minister must prepare a report about whether each public ownership target is being achieved— on 31 May 2027; and at further intervals of 2 years. The report must— include a description of how the percentage of publicly owned assets for each class of energy assets is worked out; and be published on the department’s website. In this section— class of energy assets means the following classes of assets in Queensland— generation assets; transmission and distribution assets; deep storage assets. deep storage assets means assets for pumped hydro energy storage that are— capable of generating at least 1,500MW for 24 hours; and prescribed by regulation. generation assets means assets that constitute a generating system for which a person is registered as a generator or intermediary under the National Electricity Rules, other than the following— assets that are— predominantly used to generate electricity for conversion to a form of energy suitable for export; and prescribed by regulation; a generating system with a nameplate rating of less than 30MW; a generating system comprised of generating units with a combined nameplate rating of less than 30MW; an asset used for pumped hydro energy storage, including a deep storage asset; another asset that directly or indirectly uses electricity to create a stored source of energy that may later be converted by the generating system to electricity. public ownership , in relation to a class of energy assets, means— ownership, whether wholly or partly, of assets of the class by the State; or if the State directly or indirectly holds a right or interest in another entity that owns assets of the class—ownership, whether wholly or partly, of the assets by the other entity. transmission and distribution assets means assets that constitute the following, other than an asset excluded from this definition by regulation— a transmission system that is regulated by a transmission determination; a distribution system under the National Electricity (Queensland) Law that is regulated by a distribution determination under that Law; the hub transmission network for a regional energy hub. s 13 amd 2025 No. 30 s 10 (sec.13-ssec.1) Each of the following is a public ownership target for a class of energy asset— that 100% of public ownership of generation assets publicly owned and in operation on the commencement of this subsection, and that continue in operation, is maintained; that public ownership of transmission and distribution assets is 100%; that public ownership of deep storage assets is 100%. (sec.13-ssec.2) The Minister must prepare a report about whether each public ownership target is being achieved— on 31 May 2027; and at further intervals of 2 years. (sec.13-ssec.3) The report must— include a description of how the percentage of publicly owned assets for each class of energy assets is worked out; and be published on the department’s website. (sec.13-ssec.4) In this section— class of energy assets means the following classes of assets in Queensland— generation assets; transmission and distribution assets; deep storage assets. deep storage assets means assets for pumped hydro energy storage that are— capable of generating at least 1,500MW for 24 hours; and prescribed by regulation. generation assets means assets that constitute a generating system for which a person is registered as a generator or intermediary under the National Electricity Rules, other than the following— assets that are— predominantly used to generate electricity for conversion to a form of energy suitable for export; and prescribed by regulation; a generating system with a nameplate rating of less than 30MW; a generating system comprised of generating units with a combined nameplate rating of less than 30MW; an asset used for pumped hydro energy storage, including a deep storage asset; another asset that directly or indirectly uses electricity to create a stored source of energy that may later be converted by the generating system to electricity. public ownership , in relation to a class of energy assets, means— ownership, whether wholly or partly, of assets of the class by the State; or if the State directly or indirectly holds a right or interest in another entity that owns assets of the class—ownership, whether wholly or partly, of the assets by the other entity. transmission and distribution assets means assets that constitute the following, other than an asset excluded from this definition by regulation— a transmission system that is regulated by a transmission determination; a distribution system under the National Electricity (Queensland) Law that is regulated by a distribution determination under that Law; the hub transmission network for a regional energy hub.