New South Wales Consolidated Acts

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ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015

- As at 1 December 2018
- Act 5 of 2015

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act
   2.      Commencement
   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

   19.     Interpretation
   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
   38.     Licensing
   39.     Boundaries of distribution districts
   40.     Land tax
   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

   PART 8 - MISCELLANEOUS

   51.     Functions of Electricity Assets Ministerial Holding Corporation
   52.     Functions of New South Wales Treasury Corporation
   53.     Delegation
   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
   57.     Orders
   58.     Service or giving of documents
   59.     Regulations
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3
           SCHEDULE 4
           SCHEDULE 5
           SCHEDULE 6
           SCHEDULE 7
           Schedule 8 (Repealed)


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