VICIn ForceAct
National Electricity (Victoria) Act 2005
123Department Head to prepare allocation statement or statements
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123 Department Head to prepare allocation statement or statements
(1) The Department Head must give the Minister, within the period approved by the Minister, a statement or statements relating only to the property, rights and liabilities of the Crown that relate to the activities of the VicGrid (AO) as at the relevant date.
(2) A statement under this section—
(a) must allocate to VicGrid only the property, rights and liabilities of the Crown that relate to the activities of VicGrid (AO); and
(b) must be signed by the Department Head.
(3) If a statement under this section is approved by the Minister—
(b) the statement is an allocation statement for the purposes of this Division.
(4) The Minister may at any time direct the Department Head to amend a statement given to the Minister under this section as specified in the direction.
(5) An allocation statement under this section may be amended by writing signed by the Minister.
(6) In this section, ***statement*** and ***allocation statement*** include a statement or allocation statement amended in accordance with this section.
S. 124 inserted by No. 38/2025 s. 57.