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National Electricity (NSW) Law
118ASEstablishment and functions of financial vehicle
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118AS Establishment and functions of financial vehicle
118AS Establishment and functions of financial vehicle
(1) The Minister must, within a reasonable time after a regulation is made under section 118AB, establish the financial vehicle in the way prescribed by the regulation.
(2) The financial vehicle has the following functions—
(a) functions set out in this Division;
(b) functions prescribed by the Rules.
(3) The financial vehicle must act in a commercially reasonable and prudent way.
s 118AS: Ins 2024 No 62, sec 6.