Commonwealth Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 45

             (1)  If the Snowy Mountains Hydro‑electric Authority has paid a contribution to the cost of the administration of the Occupational Health and Safety (Commonwealth Employment) Act 1991 under section 67H of that Act for the financial year in which the corporatisation date occurs, the Snowy Hydro Company is entitled to be paid the amount worked out using the formula:

where:

"contribution" means the contribution paid by the Authority for that financial year.

"number of refund days" means the total number of days in the period starting on the corporatisation date and ending on the last day of that financial year.

             (2)  An amount to which the Company is entitled under subsection (1) is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.