Source: https://www.legislation.nsw.gov.au/~/view/act/2015/5/part1/sec4
Timestamp: 2020-06-05 17:13:44
Document Index: 418092007

Matched Legal Cases: ['art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 6']

Electricity Network Assets (Authorised Transactions) Act 2015 No 5 - NSW legislation
Contents (2015 - 5)
Electricity Network Assets (Authorised Transactions) Act 2015 No 5
3 Interpretation—key definitions
4 Network infrastructure assets
Part 2 The authorised transactions
5 Authorisation for transfer of electricity network assets
6 Calculation of private sector interest
7 Protection of State’s interest in transferred network infrastructure assets
8 Electricity price guarantee
9 Independent review of economic impact report
10 Post-transaction independent review
11 Payment and application of proceeds of transactions
12 Residual Liabilities Fund
Part 3 Facilitating the authorised transactions
13 Treasurer’s functions
14 Manner of effecting authorised transaction
15 Transaction SOCs
16 Transaction companies
17 Functions of electricity network SOCs and transaction entities
18 Direction and control of electricity network SOCs and transaction entities
Part 4 Arrangements for transfer of staff
20 Transfers within public sector
21 Transfers to private sector employment
22 Arrangements for transferred employees
23 Operation of other laws and entitlements
24 Operation of Commonwealth law
Part 5 Arrangements for transfer of assets and functions
25 Vesting orders
26 Severance of fixtures
27 Grant of relevant authorisations
28 Acquisition of land
29 Adjustment of electricity network SOC objectives and functions
Part 6 Operation of transacted distribution and transmission systems
30 Terminology for transacted systems
31 Rights of lessor
32 Functions of authorised network operators
33 Liability of authorised network operators
34 Authorised network operators as public bodies
35 Modification of ES Act provisions conferring functions on network operators
36 Land acquisition functions
37 Protection of electricity works
39 Boundaries of distribution districts
41 Planning laws
42 Coastal protection
Part 7 Operation of other laws
43 State taxes
44 General relationship of Act with other State legislation
45 Part 6 of Government Sector Finance Act 2018
46 Release of information by Auditor-General
47 Conveyancing Act
48 Protection against breach of contractual and other obligations
49 Compensation not payable
50 Leases of electricity network assets
51 Functions of Electricity Assets Ministerial Holding Corporation
52 Functions of New South Wales Treasury Corporation
54 Act to bind State and other jurisdictions
55 Extraterritorial operation of Act
56 Construction of Act and instruments so as not to exceed legislative power
58 Service or giving of documents
Schedule 1 Interpretative provisions
Schedule 2 Provisions concerning transaction SOCs
Schedule 3 Corporate conversion of electricity network SOCs and transaction SOCs
Schedule 5 Vesting of assets, rights and liabilities
Schedule 6 Ownership restrictions in floated transaction companies
Current version for 1 December 2018 to date (accessed 6 June 2020 at 03:12)
(1) In this Act, network infrastructure assets means the following assets that are wholly owned by an electricity network SOC and form part of or are used in connection with the operation of the distribution system, transmission system or street lighting system of the electricity network SOC:
(a) electricity power lines and their supporting or protective structures and conduits,
(b) associated equipment,
(c) street lighting structures,
(d) buildings,
(e) plant and machinery (excluding motor vehicles),
(f) any freehold or leasehold interest in land.
(2) Freehold or leasehold interests in land that are wholly owned by an electricity network SOC and held for the purpose of their forming part of or being used in connection with the operation of the distribution system, transmission system or street lighting system of the electricity network SOC in the future are also network infrastructure assets for the purposes of this Act.
(3) Assets that are not required for the purposes of the operation, in the ordinary course, of the distribution, transmission or street lighting system concerned are not network infrastructure assets for the purposes of this Act.
associated equipment means the following:
(a) electricity substations,
(b) electricity switchyards,
(c) transformers,
(d) capacitors,
(e) reactive plant,
(f) protection equipment, including circuit breakers,
(g) monitoring equipment,
(h) network communications equipment,
(i) customer connection assets (excluding meters).