(1) On and after the transition day, AEMO is, by force of this subsection—
(a) conferred a function or power VENCorp had under a specified code or guideline or specified VENCorp provision immediately before that day; and
(b) subject to every duty imposed on VENCorp under a specified code or guideline or specified VENCorp provision immediately before that day.
(2) On and after the transition day, every reference to VENCorp in a specified code or guideline or specified VENCorp provision is to be taken to be a reference to the AEMO unless the context otherwise requires.
Division 4—Gas emergencies
S. 52 inserted by No. 23/2009 s. 20.