Contents (1997 - 99)
Snowy Hydro Corporatisation Act 1997 No 99
Status information

Long title

Part 1 Preliminary

1 Name of Act
2 Commencement
3 Object of Act
4 Definitions

Part 2 Snowy Hydro Company

5 Shares in Company
5A Disposal of shares in Company requires approval of Parliament
6 Shares of State to be held by eligible Ministers
7 Referral of power to the Parliament of Commonwealth
8 Company and subsidiaries not agency of State etc
9 Tax-equivalents
10 Government guarantees

Part 3 Transfers

Division 1 Transfer of existing Snowy hydro undertaking to Company

11 Transfer to Company of assets and liabilities of Snowy Mountains Hydro-electric Authority
12 Transfer to Company of assets and liabilities of State of NSW
13 Agreement relating to Commonwealth debt

Division 2 Transfer of electricity transmission undertaking to TransGrid

14 Transfer to TransGrid of existing Snowy electricity transmission undertaking

Division 3 Transfer of existing staff

15 Transfer to Company of employees of Authority
16 Transfer to Company of certain Pacific Power employees
17 Variations of terms and conditions of employment
18 Other rights and benefits of transferred employees under Commonwealth Corporatisation Act

Part 4 Water inquiry

19 Designated area of inquiry
20 Water inquiry to be held
21 Report of water inquiry

Part 5 Snowy water licence

22 Entitlement to Snowy water licence
23 Rights and obligations under licence
24 Term of licence
25 Review of licence
26 Variation of licence
27 Public consultation on review or variation of licence
28 Revocation of licence
29 Transfer of licence
30 Compensation for Company
31 Fees and charges for licence
32 Local water extraction
33 Entry and inspection
34 Offence to contravene Snowy water licence
35 Court orders in connection with offence of contravening Snowy water licence

Part 6 Snowy park leases

36 Definition
37 Lease, licence etc under NPW Act for Snowy hydro undertaking
38 Management plan for Snowy hydro undertaking
39 Lease, licence etc under NPW Act for existing Snowy electricity transmission undertaking

Part 7 Application of planning and other laws

40 Proclamation of existing Scheme development
41 Application of Environmental Planning and Assessment Act 1979
42 Application of Local Government Act 1993 and Pollution Control Act 1970

Part 8 Miscellaneous

43 Act binds the Crown
44 Sharing of land tax with Commonwealth and Victoria
45 Minister may execute agreements on behalf of State
46 Exemption from State taxation
47 Excluded matters for purposes of Corporations Act 2001 of the Commonwealth
48 Company’s financial statements and reports to be laid before Parliament
49 Regulations
50 Offences by directors and other managers of corporation
51 Proceedings for offences
52 Repeal of Acts
53 Termination and amendment of certain existing agreements relating to Snowy Mountains Scheme
54 Authority and Council abolished
55 (Repealed)
56 Savings, transitional and other provisions
57 Snowy Scientific Committee

 Schedule 1 Provisions relating to transfer of undertakings

 Schedule 2 Repeal of Acts

 Schedule 3 (Repealed)

 Schedule 4 Savings, transitional and other provisions

Historical notes