South Australian Numbered Acts

STATUTES AMENDMENT (ENERGY CONSUMERS AUSTRALIA) ACT 2014 (NO 21 OF 2014) - SECT 16

16—Contracts, etc

        (1)         All rights, obligations and liabilities of the AEMC and the Panel—

            (a)         under a contract or agreement entered into by the AEMC in accordance with a direction given by the Panel for the purposes of section 46(1) of the Australian Energy Market Commission Establishment Act 2004 (as in force immediately before the commencement day); or

            (b)         relating to a grant made by the AEMC under section 12,

are transferred to ECA.

        (2)         The transfer of rights, obligations and liabilities under this section—

            (a)         operates by force of this section and despite the provisions of any other law; and

            (b)         takes effect—

                  (i)         in the case of the rights, obligations and liabilities referred to in subsection (1)(a)—on the commencement day; and

                  (ii)         in the case of the rights, obligations and liabilities referred to in subsection (1)(b)—on the execution of the grant by the AEMC.

        (3)         A reference to the AEMC or the Panel in an instrument or agreement that gives rise to or evidences a right, obligation or liability referred to in subsection (1) will have effect as if it were a reference to ECA.

        (4)         This section applies within the State, and outside of the State to the full extent of the extraterritorial power of the Parliament.