New South Wales Consolidated Acts

GAS INDUSTRY RESTRUCTURING ACT 1986 - SECT 70

70 Gas Customers Reserve Account

(1) A gas distributor which is a subsidiary of The Australian Gas Light Company is to establish and maintain in its accounts a separate account to be called the Gas Customers Reserve Account.

(2) There is to be credited to the Gas Customers Reserve Account of a gas distributor:

(a) the amount standing to the credit of the Tariff Stabilisation Account of the distributor immediately before the substitution of this section by the Gas (Amendment) Act 1990 , and

(c) any other amount required by this Act to be credited to the Gas Customers Reserve Account.