Queensland Consolidated Acts

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ENERGY ASSETS (RESTRUCTURING AND DISPOSAL) ACT 2006 - SECT 6

6 The 2006 project

(1) The 2006 project is--

(a) the taking of steps, including establishing companies, restructuring businesses, assets and liabilities of energy entities, disposing of energy entities and issuing and dealing with gas and electricity authorities--
(i) to facilitate the disposal of particular gas and electricity businesses of energy entities; and
(ii) for associated purposes relating to the continuing operation of energy entities; and
(b) the disposal of the gas and electricity businesses, including by the disposal of energy entities.

(2) The 2006 project also includes the taking of steps to facilitate an arrangement between Ergon Energy and another entity, or between a sale entity and another entity, after the disposal of an electricity business or energy entity mentioned in subsection (1), for the other entity to assume an obligation to provide customer retail services to non-contestable customers in Ergon Energy's or the sale entity's retail area.

(3) Words defined in the Electricity Act and used in subsection (2) have the same meanings as they have in the Electricity Act.

(4) A reference in this section to an energy entity is a reference to a 2006 project energy entity.



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