Interpretation
5 Interpretation
In this Act, unless the contrary intention appears:
assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description, and includes:
money, securities, choses in action and documents; and
rights, powers, privileges and immunities (whether present or future and whether vested or contingent), except any immunity or privilege of the Crown in any capacity.
authorised person, in a provision of Part 5, means a person appointed under section 57 for the purposes of that provision.
Commonwealth record has the same meaning as in the Archives Act 1983.
corporatisation date means the date on which the Snowy Mountains Hydro‑electric Power Act 1949 is repealed by this Act.
DFRDB Act means the Defence Force Retirement and Death Benefits Act 1973.
exempt matter means:
the issue or transfer of shares in the Snowy Hydro Company to the Commonwealth, New South Wales or Victoria or a person acting on behalf of the Commonwealth, New South Wales or Victoria; or
the operation of the provisions of this Act, the New South Wales Corporatisation Act and the Victorian Corporatisation Act relating to the transfer of assets and liabilities to the Snowy Hydro Company or TransGrid; or
an agreement referred to in section 48 or any agreement under the New South Wales Corporatisation Act or the Victorian Corporatisation Act to which New South Wales or Victoria is a party; or
a debt of the Snowy Hydro Company to the Commonwealth at the corporatisation date (including the refinancing of such a debt); or
giving effect to any of the above.
existing Snowy electricity transmission undertaking means the assets and liabilities of the Snowy Mountains Hydro‑electric Authority, the Snowy Mountains Council, the Commonwealth, New South Wales, Victoria, or authorities of the Commonwealth, New South Wales or Victoria, that are transferred to TransGrid by orders under this Act, the New South Wales Corporatisation Act or the Victorian Corporatisation Act.
existing Snowy hydro undertaking means:
the assets and liabilities of the Snowy Mountains Hydro‑electric Authority and the Snowy Mountains Council that are transferred to the Snowy Hydro Company by this Act, the New South Wales Corporatisation Act or the Victorian Corporatisation Act; and
the assets and liabilities of the Commonwealth, New South Wales, Victoria, or authorities of the Commonwealth, New South Wales or Victoria, that are transferred to the Snowy Hydro Company by orders under this Act, the New South Wales Corporatisation Act or the Victorian Corporatisation Act.
Finance Minister means the Minister administering the Public Governance, Performance and Accountability Act 2013.
liabilities means all liabilities, debts and obligations (whether present or future and whether vested or contingent).
Long Service Leave Act means the Long Service Leave (Commonwealth Employees) Act 1976 as in force immediately before the corporatisation date.
Maternity Leave Act means the Maternity Leave (Commonwealth Employees) Act 1973 as in force immediately before the corporatisation date.
New South Wales Corporatisation Act means the Snowy Hydro Corporatisation Act 1997 of New South Wales.
share, in relation to a company, means a share in the capital of the company.
Snowy Hydro Company or Company means the company incorporated, or to be incorporated, by the name Snowy Hydro Limited.
Snowy hydro‑group company or hydro‑group company means the Snowy Hydro Company or a subsidiary of that Company.
Snowy Mountains Council means the Snowy Mountains Council referred to in Part VI of the agreement set out in Schedule 1 to the Snowy Mountains Hydro‑electric Power Act 1949.
Snowy Mountains Hydro‑electric Authority or Authority means the Snowy Mountains Hydro‑electric Authority referred to in the Snowy Mountains Hydro‑electric Power Act 1949.
transferred employee means a person who, under section 23, is taken to have been engaged as an employee of the Company.
TransGrid means the New South Wales Electricity Transmission Authority constituted under the Electricity Transmission Authority Act 1994 of New South Wales.
Victorian Corporatisation Act means the Snowy Hydro Corporatisation Act 1997 of Victoria.
For the purposes of this Act, the question whether a body corporate is a subsidiary of another body corporate is to be determined in the same way as that question is determined under the Corporations Act 2001.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.