Commonwealth Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 3

             (1)  The object of this Act is to reform the Snowy Mountains Hydro‑electric Scheme by corporatising the Snowy Mountains Hydro‑electric Authority and making related changes to the Scheme.

             (2)  It is the intention of the Parliament that this Act:

                     (a)  is to operate concurrently with the New South Wales Corporatisation Act and the Victorian Corporatisation Act; and

                     (b)  is to have effect only to the extent to which it is within the legislative power of the Parliament.