Government Owned Corporations (Generator Restructure—CleanCo) Regulation 2019 (Qld)

Government Owned Corporations (Generator Restructure—CleanCo) Regulation 2019

Part 1 Preliminary

1 Short title This regulation may be cited as the Government Owned Corporations (Generator Restructure—CleanCo) Regulation 2019.

2 Purpose The purpose of this regulation is to make provision for the following matters under the Act, section 161— (a) to transfer particular assets, liabilities, instruments and employees of Stanwell to CleanCo or a wholly-owned subsidiary of CleanCo; (b) to make CleanCo, or a wholly-owned subsidiary of CleanCo, successor in law in relation to particular assets, liabilities and instruments of Stanwell; (c) to ensure Stanwell remains liable for particular proceedings and liabilities; (d) to transfer particular assets, liabilities, instruments and employees of CS Energy to CleanCo or a wholly-owned subsidiary of CleanCo; (e) to make CleanCo, or a wholly-owned subsidiary of CleanCo, successor in law in relation to particular assets, liabilities and instruments of CS Energy; (f) to ensure CS Energy remains liable for particular proceedings and liabilities; (g) to provide for matters incidental to the purposes mentioned in paragraphs (a) to (f).

3 Dictionary The dictionary in schedule 1 defines particular words used in this regulation.

Part 2 Transfer of particular assets, liabilities, instruments and employees of Stanwell

4 Definitions for part In this part— exclusion schedule see section 11(4). relevant departments means the departments of government administered by the shareholding Ministers for Stanwell. transfer date means— (a) for the transfer schedule prepared by the relevant departments under section 11(1)—9 May 2019; or (b) for any other transfer schedule—the date fixed for the schedule under section 12. transfer schedule see section 11(1) and (2).