Victorian Consolidated Legislation

Loy Yang B Act 1992 - SECT 3

Definitions

3. Definitions

In this Act-

Commission means the State Electricity Commission of Victoria;

business or undertaking, in relation to the Commission, means-

   (a)  the business of the erection, construction or provision of works,
        appliances and conveniences for the generation, acquisition, use,
        transmission, distribution or supply of electricity; and

   (b)  buildings, works, mines, open-cuts, quarries, water, land, machinery,
        plant, towers, electric lines, cables and appliances used for or in
        connection with that business;

financial accommodation means a financial benefit or assistance to obtain a
financial benefit arising from or as a result of-

   (a)  a loan;

   (b)  issuing, endorsing or otherwise dealing in promissory notes;

   (c)  drawing, accepting, endorsing or otherwise dealing in bills of
        exchange;

   (d)  issuing, purchasing or otherwise dealing in securities;

   (e)  granting or taking a lease of any real or personal property for
        financing but not for operating purposes;

   (f)  any other arrangement that the Governor in Council on the
        recommendation of the Treasurer approves;

guarantee includes indemnity;

Loy Yang land means the land shown hatched on the plan in Schedule 2;

participant has the same meaning as in the State Agreement;

power station has the same meaning as in the State Agreement;

project has the same meaning as in the State Agreement;

project area means the land (other than the land bordered in blue) delineated
on the plan lodged in the Central Plan Office and numbered LEGL/92-1;

project agreements has the same meaning as in the State Agreement;

sell includes otherwise dispose of;

subsidiary of the Commission, means a body corporate that is a subsidiary
(within the meaning of the Corporations Act) of the Commission;

statutory body means a body corporate established by or under an Act for a
public purpose or a body corporate all the shares in which are owned, whether
directly or indirectly, by or on behalf of a body corporate so established or
the State;

State Agreement means the Agreement entered into by the Minister in accordance
with section 5 and ratified and approved under section 6 and, if that
Agreement is varied in accordance with section 9, that Agreement as varied and
in force for the time being.