Commonwealth Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 3

             (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 the Parliament that this Act:

                     (a)  is to operate concurrently with the New South Wales Corporatisation Act and the Victorian Corporatisation Act; and

                     (b)  is to have effect only to the extent to which it is within the legislative power of the Parliament.