New South Wales Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 7

7 Referral of power to the Parliament of Commonwealth

(1) The matter of the Commonwealth of Australia holding shares in the Snowy Hydro Company, to the extent to which it is not otherwise included in the legislative powers of the Parliament of the Commonwealth, is referred to the Parliament of the Commonwealth for a period commencing on the day on which this section commences and ending on the day fixed under subsection (2) as the day on which the reference under this section terminates, but no longer.

(2) The Governor may, at any time, fix by proclamation a day as the day on which the reference under this section terminates.

(3) In this section, a reference to "holding shares" includes a reference to acquiring, disposing of or dealing with those shares.