Electricity Supply Industry Act 1995

In this section – Bass Strait Islands power system means the system for generation and distribution of electricity in the Bass Strait Islands.

On the day on which this section comes into operation, the Regulator must issue – a licence to the Hydro-Electric Corporation to carry on, in relation to the Bass Strait Islands, the operations in the electricity supply industry referred to in section 17(2)(a); and a licence to the Hydro-Electric Corporation to carry on, in relation to the Bass Strait Islands, the operations in the electricity supply industry referred to in section 17(2)(c); and a licence to the Hydro-Electric Corporation to carry on the operations in the electricity supply industry referred to in section 17(2)(d).

Section 19, section 21, section 27(1) and (3), section 29 and section 30 do not apply in relation to a licence issued under subsection (2).

On the day on which this section comes into operation, section 4 of the Electricity Supply Industry Restructuring (Savings and Transitional Provisions) Act 1995 ceases to apply in relation to the Hydro-Electric Corporation in respect of regulated operations, in an electricity supply industry referred to in section 17(2)(a), (c) or (d), carried on in relation to the Bass Strait Islands.

The Regulator, with the approval of the Treasurer and the Minister, may – by notice in writing to the Hydro-Electric Corporation, revoke a licence issued under subsection (2); or by notice in writing to the holder of a licence issued in accordance with subsection (6), revoke the licence.

If a licence that is revoked under subsection (5) is – a licence to carry on operations in an electricity supply industry that is referred to in section 17(2)(a), the Regulator may issue to a person under section 19 a licence, to carry on such operations in relation to the Bass Strait Islands, that is subject to the condition specified in section 19B(2); or a licence to carry on operations in an electricity supply industry that is referred to in section 17(2)(c), the Regulator may issue to a person under section 19 a licence, to carry on such operations in relation to the Bass Strait Islands, that is subject to the condition specified in section 19B(2) and the condition specified in section 19B(3); or a licence to carry on operations in an electricity supply industry that is referred to in section 17(2)(d), the Regulator may issue to a person under section 19 a licence, to carry on such operations in relation to the Bass Strait Islands, that is subject to the condition specified in section 19B(2).

Nothing in subsection (6) is to be taken to prevent the Regulator issuing under section 19 a licence that is not subject to the condition specified in section 19B(2) or the condition specified in section 19B(3).

The Regulator may only issue a licence in accordance with subsection (6) with the approval of the Treasurer and the Minister and the applicant for the licence.