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This instrument is the National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Shepparton) Notice 2017.
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This Notice exempts five specific land parcels at 490 Verney Road, Congupna (Shepparton) from section 18’s restrictions on transferring National Transmission Network assets, allowing those parcels to be sold or transferred despite the Act’s usual limits (instrument s5; authority s18(6) of the Act). It therefore affects the asset holder, prospective buyers and the Commonwealth’s control: it removes the Act’s transfer barrier for these lots, lowering transactional compliance and shifting decisions to ordinary property transfer processes.
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Direct links to the current provisions in National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Shepparton) Notice 2017.
This instrument is the National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Shepparton) Notice 2017.
This instrument is made under subsection 18(6) of the National Transmission Network Sale Act 1998.
In this instrument:
Act means National Transmission Network Sale Act 1998.
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) asset.
For the purposes of subsection 18(5) of the Act, each of the following assets is exempted from the operation of section 18 of the Act: (a) the land described as Lot 1 on Title Plan 639312E (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 735; and (b) the land described as Lot 1 on Title Plan 639310J (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 736; and (c) the land described as Crown Allotment 105B Parish of Shepparton in Volume 10758 Folio 737; and (d) the land described as Lot 1 on Title Plan 639309S (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 738; and (e) the land described as Crown Allotments 105 and 105A Parish of Shepparton in Volume 10758 Folio 739; each being land situated at 490 Verney Road, Congupna, Victoria, and that were together identified as site number 3046 (Shepparton) in Part 1 of Schedule A to the declaration made under subsections 9(1) and (2) of the Act (dated 27 April 1999 and published in the Gazette on 29 April 1999).
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This instrument is the National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Shepparton) Notice 2017.
This instrument is made under subsection 18(6) of the National Transmission Network Sale Act 1998.
In this instrument:
Act means National Transmission Network Sale Act 1998.
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) asset.
For the purposes of subsection 18(5) of the Act, each of the following assets is exempted from the operation of section 18 of the Act: (a) the land described as Lot 1 on Title Plan 639312E (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 735; and (b) the land described as Lot 1 on Title Plan 639310J (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 736; and (c) the land described as Crown Allotment 105B Parish of Shepparton in Volume 10758 Folio 737; and (d) the land described as Lot 1 on Title Plan 639309S (formerly known as part of Crown Allotment 106 Parish of Shepparton) in Volume 10758 Folio 738; and (e) the land described as Crown Allotments 105 and 105A Parish of Shepparton in Volume 10758 Folio 739; each being land situated at 490 Verney Road, Congupna, Victoria, and that were together identified as site number 3046 (Shepparton) in Part 1 of Schedule A to the declaration made under subsections 9(1) and (2) of the Act (dated 27 April 1999 and published in the Gazette on 29 April 1999).