Electricity Infrastructure Investment Act 2020 (NSW)

Electricity Infrastructure Investment Act 2020 No 44

An Act to co-ordinate investment in new generation, storage and network infrastructure in New South Wales; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act is the Electricity Infrastructure Investment Act 2020.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Objects of Act (1) The objects of this Act are— (a) to improve the affordability, reliability, security and sustainability of electricity supply, and (b) to co-ordinate investment in new generation, storage, network and related infrastructure, and (c) to encourage investment in new generation, storage, network and related infrastructure by reducing risk for investors, and (d) to foster local community support for investment in new generation, storage, network and related infrastructure, and (e) to support economic development and manufacturing, and (f) to create employment, including employment for Aboriginal and Torres Strait Islander people, and (g) to invest in education and training, and (h) to promote local industry, manufacturing and jobs, and (i) to promote export opportunities for generation, storage and network technology. (2) The following objects also apply to Parts 4–6— (a) to increase employment and income opportunities for Aboriginal and Torres Strait Islander people in New South Wales, and (b) to promote consultation and negotiation with the traditional Aboriginal owners of land on which generation, storage and network infrastructure is proposed to be constructed or operated under this Act. (3) A person or body exercising a function under this Act must do so in a way that is consistent with the objects of this Act.