New South Wales

Electricity Supply Amendment Bill 1999




Explanatory note


This explanatory note relates to this Bill as introduced into Parliament.


This Bill is cognate with the Appropriation Bill 1999.




Overview of Bill



The object of this Bill is to amend the Electricity Supply Act 1995 in anticipation of the arrangements that will come into effect on 1 July 1999 under which the price for the provision of electricity network services by a transmission operator will be determined by the Australian Competition and Consumer Commission under the National Electricity Code rather than by the Independent Pricing and Regulatory Tribunal under the Independent Pricing and Regulatory Tribunal Act 1992.


Outline of provisions



Clause 1 sets out the name (also called the short title) of the proposed Act.

Clause 2 provides for the commencement of the proposed Act on 1 July 1999.

Clause 3 is a formal provision giving effect to the amendments to the Electricity Supply Act 1995 set out in Schedule 1.

Schedule 1 contains the amendments required to give effect to the object of the Bill.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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