Victorian Current Acts

ELECTRICITY INDUSTRY (RESIDUAL PROVISIONS) ACT 1993 - SECT 153TQ

    (1)     In this Part—

"former TCO property" means property, rights or liabilities of a TCO that, under this Part, have vested in, or become liabilities of another person;

"new employer", in relation to a transferred TCO employee, means the person by which, by virtue of section 153TZE, the transferred TCO employee is regarded as being employed with effect from the relevant date;

"relevant date"—

        (a)     in relation to an allocation statement or property, rights or liabilities allocated under an allocation statement, means the date fixed by the Minister under subsection (2) for the purposes of that statement;

        (b)     in relation to a document referred to in section 153TZD(1), means a date fixed by the Minister under subsection (2) for the purposes of that document;

"TCO" means a transferor company that is nominated by the Minister under section 153TR;

"TCO instrument" means an instrument (including a legislative instrument other than this Act) subsisting immediately before the relevant date in relation to a TCO—

        (a)     to which the TCO was a party; or

        (b)     that was given to or in favour of the TCO; or

        (c)     that refers to the TCO; or

        (d)     under which—

              (i)     money is, or may become, payable to or by the TCO; or

              (ii)     other property is to be, or may become liable to be, transferred to or by the TCO;

"TCO transferee", in relation to former TCO property, means the person to which the property has been transferred under this Part;

"transferred TCO employee" means a person who, by virtue of section 153TZE, is regarded as being employed by a new employer with effect from the relevant date;

S. 153TQ(1) def. of transferor company amended by Nos 55/1997
s. 9(1), 36/1999 s. 13(a).

"transferor company" means Victorian Power Exchange Pty Ltd A.C.N. 080 200 371 or a public transmission company or a public generation company.

    (2)     The Minister may, by notice published in the Government Gazette—

        (a)     fix a relevant date for the purposes of an allocation statement under section 153TS;

        (b)     fix a relevant date for the purposes of a document referred to in section 153TZD(1).

S. 153TR inserted by No. 35/1997 s. 25, amended by No. 55/1997
s. 9(2) (ILA
s. 39B(1)).