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ELECTRICITY GENERATOR ASSETS (AUTHORISED TRANSACTIONS) ACT 2012 - As at 1 July 2021 - Act 35 of 2012

- As at 1 July 2021 - Act 35 of 2012

Table of Provisions

PART 1 - PRELIMINARY

  • 1 Name of Act
  • 2 Commencement
  • 3 Interpretation--key definitions

PART 2 - AUTHORISED TRANSFERS OF ELECTRICITY GENERATOR ASSETS

  • 4 Transfer of electricity generator assets to private sector
  • 5 Transfer of electricity generator assets between public sector agencies
  • 6 Proceeds of transaction

PART 3 - FACILITATING AUTHORISED TRANSACTIONS

  • 7 Treasurer's functions for the purposes of an authorised transaction
  • 8 Transaction SOCs
  • 9 Transaction companies
  • 10 Functions of electricity generators and transaction entities
  • 11 Direction and control of electricity generators and transaction entities
  • 12 Establishment of Electricity Assets Ministerial Holding Corporation

PART 4 - ARRANGEMENTS FOR TRANSFER OF ASSETS, STAFF AND FUNCTIONS

  • 13 Vesting orders
  • 14 Staff transfers
  • 15 Payments to employees leaving public sector employment
  • 16 Employment guarantee for employees transferred to private sector and maintenance of apprenticeships
  • 17 Effect of transfer of electricity generator assets between public sector agencies
  • 18 Grant of relevant authorisations
  • 19 Acquisition of land by Electricity Assets Ministerial Holding Corporation

PART 5 - OPERATION OF OTHER LAWS

  • 20 State taxes
  • 21 Management of electricity trading risks--competition exemption
  • 22 General relationship of Act with other State legislation
  • 23 Release of information by Auditor-General
  • 24 Contracts for sale of land
  • 25 Protection of contractual and other obligations
  • 26 Compensation not payable

PART 6 - MISCELLANEOUS

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