Tamar Valley Power Station Act 2008 (Tas)

Tamar Valley Power Station Act 2008

An Act to provide for the purchase by Aurora Energy of the Tamar Valley Project and for related purposes [Royal Assent 5 September 2008]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Tamar Valley Power Station Act 2008 .

2. Commencement This Act commences on the day on which this Act receives the Royal Assent.

3. Purposes of Act The purposes of this Act are to – (a) provide for Aurora Energy and any subsidiary of Aurora Energy to acquire and take a transfer of shares in the Company and assets, rights or liabilities related to the Tamar Valley Project; and (b) provide for the future sale of shares in the Company and assets, rights or liabilities related to the Tamar Valley Project; and (c) amend the Government Business Enterprises Act 1995 to allow the transfer of assets and liabilities between Government businesses.

4. Interpretation In this Act, unless the contrary intention appears – asset has the same meaning as in section 10A of the Government Business Enterprises Act 1995 ; Aurora Energy means Aurora Energy Pty Ltd (ABN 85 082 464 622); Babcock and Brown Power means Babcock and Brown Power Limited (ABN 67 116 665 608); Bell Bay Power Station means the two existing 120 megawatt gas-fired thermal generating units with steam turbines located at Bell Bay; Company means Alinta Energy (Tamar Valley) Pty Ltd (ABN 29 123 391 613); liability has the same meaning as in section 10A of the Government Business Enterprises Act 1995 ; members of Aurora Energy means the Minister and the Treasurer; Minister means the Minister administering the Energy Co-ordination and Planning Act 1995 ; right has the same meaning as in section 10A of the Government Business Enterprises Act 1995 ; subsidiary has the same meaning as in the Corporations Act; Tamar Valley Power Station means the power station to be constructed by the Company, including the planned new 203 megawatt combined cycle gas turbine, the three existing 35 megawatt open cycle gas turbines, the planned new 60 megawatt open cycle gas turbine and all ancillary plant, equipment and facilities; Tamar Valley Project means the Tamar Valley Power Station, the Bell Bay Power Station, the land on which the Tamar Valley Power Station and the Bell Bay Power Station are located and all ancillary plant, equipment and facilities.