New South Wales Consolidated Acts

ENERGY SERVICES CORPORATIONS ACT 1995 - SECT 14

14 Dissolution of existing energy services corporations

(1) The Governor may, by regulation, amend Part 1, 1A or 2 of Schedule 1 by omitting the corporate names of one or more energy services corporations to be dissolved by this Act.

(2) A regulation under this section takes effect on the day following the last day on which it is capable of being disallowed under section 41 of the Interpretation Act 1987 (as modified by subsection (3)) or on such later day as may be specified in the regulation.

(3) Despite section 41 of the Interpretation Act 1987 , a resolution by a House of Parliament to disallow a regulation under this section does not have effect unless the resolution is passed within 15 sitting days of the House after written notice of the making of the regulation is laid before that House under section 40 of that Act.

(4) On the day on which a regulation under this section takes effect:

(a) the energy services corporations whose corporate names are omitted by the regulation are dissolved, and

(b) the State Owned Corporations Act 1989 is amended by omitting those names from Schedule 5.

(5) The regulations may contain provisions of a savings or transitional nature consequent on the dissolution of an energy services corporation under this section.

(6) Any such provision may, if the regulations so provide, take effect from the day on which the energy services corporation is dissolved or a later day.

(7) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as:

(a) to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of its publication, or

(b) to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.