Transfer to Company of assets and liabilities of the Commonwealth

Current

(1)

The Minister may, by order in writing and in accordance with an agreement between the Commonwealth, New South Wales and Victoria, direct that such assets or liabilities of the Commonwealth or of an authority of the Commonwealth relating to the Snowy Mountains Hydro‑electric Scheme as are specified or referred to in the order be transferred to the Snowy Hydro Company.

(2)

An order under this section may be combined with an order under the New South Wales Corporatisation Act or the Victorian Corporatisation Act that transfers assets or liabilities to the Snowy Hydro Company.

(3)

Schedule 1 applies to an order under this section.

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11 Transfer to Company of assets and liabilities of the Commonwealth