New South Wales Consolidated Acts
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GAS INDUSTRY RESTRUCTURING ACT 1986 - SECT 31
Extension of powers of AGL and certain gas companies
31 Extension of powers of AGL and certain gas companies
(1) The Australian Gas Light Company, Newcastle Gas Company Limited, City of
Goulburn Gas and Coke Company (Limited) and Wollongong Gas Limited have the
rights, powers and privileges of a natural person and such additional rights,
powers and privileges as are conferred on a company by the
Corporations Act 2001 of the Commonwealth.
(2) Nothing in a company’s
relevant Act prohibits or restricts the exercise of a power by the company or
limits the exercise of a power by the company to the pursuit of the objects of
the company under the relevant Act.
(3) Any act, matter or thing done or
purporting to have been done by a company before the commencement of this
section which would, if done after that commencement, have been validly done
is validated.
(4) Notwithstanding the provisions of a company’s
relevant Act, the company is authorised to do any act or thing necessary for
or reasonably incidental to engaging in the reticulation of gas if authorised
to do so under this Act.
(5) In this section:
"relevant Act" means: (a) in relation to The Australian Gas Light Company-the
Australian Gas Light Company Act 1837 ,
(b) in relation to Newcastle Gas
Company Limited-the City of Newcastle Gas and Coke Company’s Incorporation
Act 1866 ,
(c) in relation to the City of Goulburn Gas and Coke Company
(Limited)- The City of Goulburn Gas and Coke Company’s Incorporation Act ,
and
(d) in relation to Wollongong Gas Limited-the Wollongong Gas-light
Company (Limited) Act of 1883 .
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