3Interpretation

### 3 Interpretation > In this Act, unless the contrary intention appears – > > > ***Corporation*** means the Hydro-Electric Corporation; > > > [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpa@EN) ***Basslink*** means the interconnection between the electricity grids of the States of Tasmania and Victoria by means of – > > > > > > (a) a high voltage, direct current, submarine cable across Bass Strait; and > > > > > > > (b) converter stations in those States; and > > > > > > > (c) direct current connecting lines to those converter stations; and > > > > > > > (d) [*\[Section 3 Amended by No. 78 of 2005, s. 55, Applied:01 Jan 2008\]*](/view/html/inforce/2008-01-01/act-2005-078#GS55@Hpa@EN) alternating current transmission connections to the transmission systems of those States; and > > > > > > > (e) related infrastructure; > > > [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpa@EN) ***derivative*** means – > > > > > > (a) an arrangement in relation to which the following conditions are satisfied: > > > > > > > > > > (i) under the arrangement a party to the arrangement must, or may be required to, provide at some future time consideration to a person; > > > > > > > > > > > (ii) the amount or value of that consideration is ultimately determined, derived from or varies by reference to (wholly or in part) the value or amount of something else (of any nature whatsoever and whether or not deliverable), including but not limited to an asset, an interest rate, exchange rate or other rate, an index and a commodity; and > > > > > > > (b) anything prescribed in the regulations to be a derivative – > > > > but does not include an arrangement or other thing prescribed in the regulations as not being a derivative; > > > [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpa@EN) ***electricity infrastructure*** means anything used for, or in connection with, the generation of electricity including – > > > > > > (a) electricity generating plant; and > > > > > > > (b) structures and equipment to hold water, or to direct, monitor or control the flow of water, for the purposes of hydro-electric generation; and > > > > > > > (c) [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpb@EN) > > > > > > > (d) [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpb@EN) > > > > > > > (e) equipment for metering, monitoring or controlling electricity; > > > ***land*** includes – > > > > > > (a) an estate or interest in land (including an easement); and > > > > > > > (b) a right or power over or in respect of land; > > > [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpb@EN) ***National Electricity Law*** is the National Electricity Law established by the [National Electricity (South Australia) Act 1996](/view/html/inforce/2026-04-12/act-9999-999) and adopted by participating jurisdictions, within the meaning of that Law, as a consequence of the National Electricity Market Legislation Agreement dated 9 May 1996 between the States of New South Wales, Victoria, Queensland and South Australia and the Australian Capital Territory; > > > [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpb@EN) [*\[Section 3 Amended by No. 78 of 2005, s. 53, Applied:15 Dec 2005\]*](/view/html/inforce/2005-12-15/act-2005-078#GS53@Hpa@EN) ***National Electricity Market*** means the market for wholesale electricity operating under the National Electricity Rules; > > > [*\[Section 3 Amended by No. 78 of 2005, s. 53, Applied:15 Dec 2005\]*](/view/html/inforce/2005-12-15/act-2005-078#GS53@Hpb@EN) ***National Electricity Rules*** has the same meaning as in the [Electricity Supply Industry Act 1995](/view/html/inforce/2026-04-12/act-1995-058) ; > > [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpc@EN) > > > [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpd@EN) [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpc@EN) ***subsidiary*** has the same meaning as in the [Government Business Enterprises Act 1995](/view/html/inforce/2026-04-12/act-1995-022) ; > > [*\[Section 3 Amended by No. 36 of 2000, s. 4, Applied:29 Jun 2000\]*](/view/html/inforce/2000-06-29/act-2000-036#GS4@Hpd@EN) [*\[Section 3 Amended by No. 78 of 2005, s. 55, Applied:01 Jan 2008\]*](/view/html/inforce/2008-01-01/act-2005-078#GS55@Hpb@EN) > > > [*\[Section 3 Amended by No. 78 of 2005, s. 55, Applied:01 Jan 2008\]*](/view/html/inforce/2008-01-01/act-2005-078#GS55@Hpb@EN) ***transmission system*** has the same meaning as in the [Electricity Supply Industry Act 1995](/view/html/inforce/2026-04-12/act-1995-058) . > > [*\[Section 3 Amended by No. 71 of 1997, s. 4, Applied:01 Jul 1998\]*](/view/html/inforce/1998-07-01/act-1997-071#GS4@Hpe@EN)