Northern Territory Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (POWER AND WATER CORPORATION ELECTRICITY BUSINESSES RESTRUCTURE) REGULATIONS 2014 - REG 49

    (1)     On and after 1 July 2014:

        (a)     Part A of the existing licence:

            (i)     does not apply to P&WCorp; and

            (ii)     applies instead to RetailCorp in the same way as it would, but for this regulation, have applied to P&WCorp; and

        (b)     Part B of the existing licence continues to apply to P&WCorp and does not apply to RetailCorp.

    (2)     Part A of the existing licence as so applying to RetailCorp and Part B of the existing licence as so applying to P&WCorp are taken, for all purposes, to be separate retail licences held individually by RetailCorp and P&WCorp respectively.

    (3)     In this regulation:

"existing licence "means the retail licence held by P&WCorp dated 31 March 2005 as amended.

"retail licence" means a licence granted under section 16 of the Electricity Reform Act 2000 for the retail sale of electricity.