Queensland Consolidated Acts

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ENERGY ASSETS (RESTRUCTURING AND DISPOSAL) ACT 2006 - SECT 39

39 Amendment or cancellation of authority

(1) This section applies to an authority held by an energy entity or a prescribed entity.

(2) The Minister may, by giving a written notice to the energy entity or prescribed entity, take any of the following actions under this section--

(a) amend the authority or the conditions of the authority;
(b) cancel the authority.

(3) The Minister may take the action if--

(a) for an authority held by an energy entity--the Minister considers the action necessary or desirable; or
(b) for an authority held by a prescribed entity--the prescribed entity agrees to the action.

(4) As soon as practicable after taking the action, the Minister must notify the regulator.

(5) The Electricity Act, chapter 5, part 4 and chapter 9, part 4, division 2 do not apply to the taking of the action by the Minister.



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