(1) A sale or lease of
any seam of coal vested in the Crown at or near Leigh Creek or a contract for
any such sale or lease or a right to mine any such seam of coal cannot be made
or granted by or on behalf of the Crown except as authorised by or under
regulations made under the Electricity Corporations (Restructuring and
Disposal) Act 1999 .
(2) Without limiting
SAGC's powers, SAGC may—
(a) mine
(by open or closed working) any seams of coal, vested in the Crown or SAGC, at
or near Leigh Creek; and
(b) mine
(by open or closed working) any substance, vested in the Crown or SAGC,
discovered in the course of operations for the mining of coal; and
(c)
treat, grade, or otherwise prepare for sale, and use, sell or otherwise
dispose of any coal or other substance so mined.
(3) SAGC may authorise
another body to exercise all or any of the powers conferred on SAGC under this
section.
(4) In this
section—
"SAGC" means SA Generation Corporation established under Part 3 before the
repeal of that Part, as converted into a company under the Corporations Law
(whether or not its shares remain in Crown ownership).