New South Wales Consolidated Acts
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ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015
- As at 30 October 2023
- 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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