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Name of Regulation
1 Name of Regulation
1 Name of Regulation
This Regulation is the Snowy Hydro Corporatisation Regulation 2019.
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New South Wales regulation
The Snowy Hydro Corporatisation Regulation 2019 (in force on publication) creates a statutory indemnity: if the State pays compensation for impacts of the Snowy Hydro Company’s “relevant conduct” on native title rights, the Company must reimburse the State for the full amount. It shifts financial risk from the State to the Company, creating direct cost and compliance incentives for the Company.
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Direct links to the current provisions in Snowy Hydro Corporatisation Regulation 2019.
1 Name of Regulation
This Regulation is the Snowy Hydro Corporatisation Regulation 2019.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Indemnification for compensation for relevant conduct: section 39B of the Snowy Hydro Corporatisation Act 1997
The Snowy Hydro Company must indemnify the State for the whole of any amount of compensation payable by the State for the impact of relevant conduct by the Snowy Hydro Company on native title rights and interests.
Sourced from legislation.nsw.gov.au, CC BY 4.0.
1 Name of Regulation
This Regulation is the Snowy Hydro Corporatisation Regulation 2019.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Indemnification for compensation for relevant conduct: section 39B of the Snowy Hydro Corporatisation Act 1997
The Snowy Hydro Company must indemnify the State for the whole of any amount of compensation payable by the State for the impact of relevant conduct by the Snowy Hydro Company on native title rights and interests.