New South Wales Consolidated Acts

ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015 - SECT 38

38 Licensing

(1) The Treasurer may for the purposes of an authorised transaction request the Minister under the ES Act to grant a licence referred to in section 13 or 93A of that Act to an entity nominated by the Treasurer as the new operator of a transacted distribution system or transacted transmission system.

(2) The Minister under the ES Act is to grant a licence in accordance with the Treasurer's request. The licence is to be granted on terms and conditions approved by the Treasurer and as may be required by or under the ES Act.

(3) Clauses 2, 3 and 4 of Schedule 2 to the ES Act do not apply in respect of the grant of a licence pursuant to a request under this section.