Snowy Hydro Corporatisation Act 1997

In this section:

Any asset of the Snowy Mountains Hydro‑electric Authority, in existence at the beginning of the pre‑corporatisation day, or coming into existence during that day, being an asset that is a Commonwealth record, becomes the property of the Commonwealth at the beginning of that day or immediately after coming into existence, as the case may be.

Any asset of the Snowy Mountains Hydro‑electric Authority, being a copyright in a literary, dramatic, musical or artistic work or other subject‑matter, that was owned by the Authority at the beginning of the pre‑corporatisation day, or comes to be owned by the Authority during that day, becomes the property of the Commonwealth at the beginning of that day or immediately after coming to be owned by the Authority, as the case may be.

Clause 3 of Schedule 1 applies to an asset to which subsection (2) or (3) applies as if it were transferred from the Authority to the Commonwealth under a transfer instrument to which that Schedule applies.

The disclosure to the Snowy Hydro Company of personal information about transferred employees contained in Commonwealth records referred to in subsection (2) is authorised.

To avoid doubt, but without limiting by implication the operation of section 8, a Snowy hydro‑group company is taken, for the purposes of the Archives Act 1983, never to have been established for a public purpose.