48A—Liability of electricity corporations to council rates
(1) An electricity
corporation is liable to pay rates under the Local Government Act 1934 .
(2) For rating
purposes under the Local Government Act 1934 —
(a) land
and buildings of an electricity corporation are ratable property within the
meaning of that Act; and
(b) the
following are not ratable property within the meaning of that Act:
(i)
plant or equipment used by an electricity corporation in
connection with the generation, transmission or distribution of electricity
(whether or not the plant or equipment is situated on land owned by the
corporation);
(ii)
easements, rights of way or other similar rights
(including such rights arising by virtue of a licence) that have been granted
or operate in connection with the generation, transmission or distribution of
electricity.
(3) This section
operates despite any provisions of the Local Government Act 1934 or the
Public Corporations Act 1993 and an electricity corporation does not have
any liability under the Public Corporations Act 1993 to pay to the
Treasurer any amount as the equivalent of rates under the
Local Government Act 1934 .