New South Wales Consolidated Acts

PORTS ASSETS (AUTHORISED TRANSACTIONS) ACT 2012 - SCHEDULE 5

SCHEDULE 5 – Savings, transitional and other provisions

Part 1 - General

1 Regulations

(1) The regulations may contain provisions of a savings or transitional nature consequent on the enactment of this Act or any Act that amends this Act.

(2) Any such provision may, if the regulations so provide, take effect from the date of assent to the Act concerned or a later date.

(3) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication on the NSW legislation website, the provision does not operate so as--

(a) to affect, in a manner prejudicial to any person (other than a public sector agency), the rights of that person existing before the date of its publication, or

(b) to impose liabilities on any person (other than a public sector agency) in respect of anything done or omitted to be done before the date of its publication.

Part 2 - Provisions consequent on enactment of this Act

2 Change of name of Port Corporation

The Governor may, by regulation, change the name of the Port Kembla Port Corporation, the Newcastle Port Corporation or the Sydney Ports Corporation.

3 Dissolution of Port Corporations

(1) The Governor may, by proclamation, dissolve the Port Kembla Port Corporation, the Newcastle Port Corporation or the Sydney Ports Corporation.

(2) On the day on which a proclamation under this clause takes effect--

(a) the Port Corporation concerned is dissolved, and

(b) the State Owned Corporations Act 1989 is amended by omitting the name of that Port Corporation from Schedule 5.

4 Reference to dissolved or converted port SOC

The regulations may provide that a reference in a specified provision of an Act to a port SOC that has been dissolved or converted into a company is to be read as a reference to a specified public sector agency.

Part 3 - Provision consequent on enactment of Ports Assets (Authorised Transactions) Amendment Act 2013

5 Application of provisions to Port of Newcastle

A reference in the following provisions to the date of assent to this Act is, in the application of those provisions to or in respect of the Newcastle Port Corporation, to be read as a reference to the date of assent to the Ports Assets (Authorised Transactions) Amendment Act 2013 --

section 22 (Acquisition of land by Ports Assets Ministerial Holding Corporation)

clause 1 of Schedule 3 (Corporate conversion of port SOCs and transaction SOCs)