(1) The Governor may, by regulation, amend Part 1, 1A or 2 of Schedule 1 by
omitting the corporate names of one or more energy services corporations to be
dissolved by this Act.
(2) A regulation under this section takes effect on
the day following the last day on which it is capable of being disallowed
under section 41 of the Interpretation Act 1987 (as modified by subsection
(3)) or on such later day as may be specified in the regulation.
(3) Despite
section 41 of the Interpretation Act 1987 , a resolution by a House of
Parliament to disallow a regulation under this section does not have effect
unless the resolution is passed within 15 sitting days of the House after
written notice of the making of the regulation is laid before that House under
section 40 of that Act.
(4) On the day on which a regulation under this
section takes effect:
(5) The regulations may contain provisions of a savings or
transitional nature consequent on the dissolution of an
energy services corporation under this section.
(6) Any such provision may,
if the regulations so provide, take effect from the day on which the
energy services corporation is dissolved or a later day.
(7) To the extent to
which any such provision takes effect from a date that is earlier than the
date of its publication in the Gazette, the provision does not operate so as:
(a) to affect, in a manner prejudicial to any person (other than the State or
an authority of the State), the rights of that person existing before the date
of its publication, or
(b) to impose liabilities on any person (other than
the State or an authority of the State) in respect of anything done or omitted
to be done before the date of its publication.