Hawker Britton Occasional Papers and Media

Electricity Industry Restructuring Bill 2008

June 2006

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Explanatory notes for the Electricity Industry Restructuring Bill 2008 and Community Infrastructure (Intergenerational) Fund Bill 2008

Electricity Industry Restructuring Bill 2008

Issue Clause / Schedule Page
State’s electricity distributors to retain their network distribution businesses while transferring retail businesses to the private sector Clause 4 3
Proceeds of restructuring to the NSW Community Infrastructure (Intergenerational) Fund Clause 7 3
Transfer of electricity employees Clause 15
Schedule 5
8
34
Authorised acquisition of land by Electricity Assets Ministerial Holding Corporation Clause 18 11
Management of electricity trading risks – exemption from Trade Practices Act Clause 22 12
Shareholding restriction on initial public offering of electricity generators Clause 23
Schedule 6
13
37
Lease of the State’s electricity assets Clause 31 18
Corporate conversion of State electricity corporations and restructure of SOCs Schedule 3 29

For more information see:  http://www.parliament.nsw.gov.au/prod/parlment/nswbills.nsf/

Community Infrastructure (Intergenerational) Fund Bill 2008

Issue Clause / Schedule Page
Establishment of fund to which proceeds from restructuring are to be paid Clause 4 3
Purpose of the Fund to provide capital works and other public purposes Clause 6 3
Requirement for Treasurer to report on payments from the Fund during each financial year Clause 8 4

For more information see: http://www.parliament.nsw.gov.au/prod/parlment/nswbills.nsf/

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