Document ID: chunk:federal_register_of_legislation:C2014C00390:front:0:p1
Version: federal_register_of_legislation:C2014C00390
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Character Range: 0–3038

Snowy Hydro Corporatisation Act 1997

No. 176, 1997 as amended

Compilation start date:   1 July 2014

Includes amendments up to: Act No. 62, 2014

About this compilation

This compilation

This is a compilation of the Snowy Hydro Corporatisation Act 1997 as in force on 1 July 2014. It includes any commenced amendment affecting the legislation to that date.

This compilation was prepared on 16 July 2014.

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.

Uncommenced amendments

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Object of Act
4 Simplified outline
5 Interpretation
6 Act binds the Crown
Part 2—Snowy Hydro Company
7 Holding of shares in Snowy Hydro Company
8 Snowy Hydro‑group company is not the Crown
9 Liabilities of Snowy hydro‑group companies not guaranteed by Commonwealth
Part 3—Transfers of assets and liabilities
Division 1—Transfer of existing Snowy hydro undertaking to Company
10 Transfer to Company of assets and liabilities of Snowy Mountains Hydro‑electric Authority
11 Transfer to Company of assets and liabilities of the Commonwealth
Division 2—Transfer of electricity transmission undertaking to TransGrid
12 Transfer to TransGrid of existing Snowy electricity transmission undertaking
Division 3—Snowy Mountains Hydro‑electric Authority's debts
Subdivision A—Loans by the Commonwealth
13 Scope of Subdivision
14 Finance Minister may declare that all loans are due and payable
15 Commonwealth must lend to the Authority an amount equal to the amount owing
Subdivision B—Other borrowing transactions
16 Scope of Subdivision
17 Borrowing transactions
18 Authority's borrowing transactions may become the Commonwealth's borrowing transactions
19 Application of the Loans Securities Act 1919
20 Commonwealth takeover of obligations—payments by the Authority to the Commonwealth
Subdivision C—Miscellaneous
21 Agreement relating to Commonwealth debt
22 Appropriation of Consolidated Revenue Fund
Part 4—Transfer and rights of employees
Division 1—Transfer of employees from Snowy Mountains Hydro‑electric Authority to Snowy Hydro Company
23 Transfer to Snowy Hydro Company of employees of Snowy Mountains Hydro‑electric Authority
24