Snowy Hydro Corporatisation Act 1997 (NSW)

Snowy Hydro Corporatisation Act 1997 No 99

An Act to reform the Snowy Mountains Hydro-electric Scheme by corporatising the Snowy Mountains Hydro-electric Authority and making related changes to the Scheme; to repeal and amend various Acts consequentially; and for related purposes.

Part 1 Preliminary

1 Name of Act This Act is the Snowy Hydro Corporatisation Act 1997.

2 Commencement (1) This Act commences on a day or days to be appointed by proclamation. (2) Despite subsection (1), sections 11, 12 and 15–18, Parts 5–7, sections 52–55 and Schedules 2 and 3 cannot be commenced unless— (a) the States of New South Wales and Victoria enter into an agreement after the final report of the water inquiry under Part 4 on the outcomes of the inquiry (as referred to in section 21), and (b) the agreement is not disapproved by either House of Parliament within 10 sitting days after the tabling of a copy of the agreement in that House by the Minister or, if so disapproved, a subsequent such agreement (being an agreement that either replaces or varies the disapproved agreement) is not disapproved by either House of Parliament within 10 sitting days after the tabling of a copy of the subsequent agreement in that House by the Minister. (3) For the purposes of subsection (2)— (a) an agreement is taken not to have been so disapproved by a House of Parliament if that House passes a resolution, before the end of the relevant period of 10 sitting days, that it does not propose to disapprove the agreement, and (b) further subsequent agreements may be entered into and tabled if an earlier subsequent agreement is disapproved.

3 Object of Act (1) The object of this Act is to reform the Snowy Mountains Hydro-electric Scheme by corporatising the Snowy Mountains Hydro-electric Authority and making related changes to the Scheme. (2) It is the intention of Parliament that this Act— (a) is to operate concurrently with the Commonwealth and Victorian Corporatisation Acts, and (b) is to have effect only to the extent to which it is within the legislative power of Parliament.