sec.98Declaration of stage

sec.98 Declaration of stage

This section applies if, having regard to advice obtained under section 97 about an identified stage of the CopperString project, the responsible Ministers— have identified the efficient costs of each of the following that may be incurred by a person in the proponent’s circumstances— constructing the identified stage; operating the identified stage for a period, decided by the responsible Ministers, of at least 5 years; and are satisfied it is necessary and appropriate to declare the stage to be a declared stage of the CopperString project to achieve the purpose of this part by enabling the stage to be delivered in an efficient and coordinated way. The Minister may, by notice, declare the identified stage of the CopperString project to be a declared stage of the project. The declaration must— identify— the proponent; and the scope of the work involved in the declared stage; and state the following amounts that are to be used to make or amend a transmission determination as mentioned in section 99 (1) — the forecast capital expenditure for the declared stage; the forecast operating expenditure for the declared stage for the first 5 years of operating the stage; and include any other matter prescribed by regulation. The forecast capital expenditure or forecast operating expenditure stated in the declaration under subsection (3) (b) must be consistent with the efficient costs of constructing and operating the stage mentioned in subsection (1) (a) . A notice under subsection (2) is subordinate legislation. s 98 sub 2025 No. 30 s 58 (sec.98-ssec.1) This section applies if, having regard to advice obtained under section 97 about an identified stage of the CopperString project, the responsible Ministers— have identified the efficient costs of each of the following that may be incurred by a person in the proponent’s circumstances— constructing the identified stage; operating the identified stage for a period, decided by the responsible Ministers, of at least 5 years; and are satisfied it is necessary and appropriate to declare the stage to be a declared stage of the CopperString project to achieve the purpose of this part by enabling the stage to be delivered in an efficient and coordinated way. (sec.98-ssec.2) The Minister may, by notice, declare the identified stage of the CopperString project to be a declared stage of the project. (sec.98-ssec.3) The declaration must— identify— the proponent; and the scope of the work involved in the declared stage; and state the following amounts that are to be used to make or amend a transmission determination as mentioned in section 99 (1) — the forecast capital expenditure for the declared stage; the forecast operating expenditure for the declared stage for the first 5 years of operating the stage; and include any other matter prescribed by regulation. (sec.98-ssec.4) The forecast capital expenditure or forecast operating expenditure stated in the declaration under subsection (3) (b) must be consistent with the efficient costs of constructing and operating the stage mentioned in subsection (1) (a) . (sec.98-ssec.5) A notice under subsection (2) is subordinate legislation.