Electricity Companies Amendment Act 2001

Electricity Companies Amendment Act 2001

An Act to amend the Electricity Companies Act 1997

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1.   Short title

This Act may be cited as the Electricity Companies Amendment Act 2001 .

2.   Commencement

This Act commences on the day on which this Act receives the Royal Assent.

3.   Principal Act

In this Act, the Electricity Companies Act 1997 is referred to as the Principal Act.

4.    Section 3 amended (Interpretation)

Section 3 of the Principal Act is amended by omitting the definition of dispose of and substituting the following definition:

dispose of, in relation to a transmission network, distribution network or part of a transmission network or distribution network, includes –

(a) the giving by a company of a right by lease, licence or any other means which would be inconsistent with the company continuing to use, possess or occupy that network or that part of a network for the primary purpose for which the company was formed under section 5 ; and

(b) the disposal of that network or that part of a network by the company to its subsidiary;

5.    Section 20 amended (Limitations on members of company)

Section 20 of the Principal Act is amended by omitting subsections (3) and (4) and substituting the following subsection:

(3)  A member of a company must not vote at a meeting of the shareholders of the company to allow the company to sell or otherwise dispose of a transmission network or distribution network or any part of a transmission network or distribution network that would have the result of significantly reducing the capacity of the network.

[Second reading presentation speech made in:

House of Assembly on 22 MARCH 2001

Legislative Council on 27 MARCH 2001]