Clause 49

Section 30B(3) of the Electricity Act 2001 does not apply if the transaction or series of transactions through which a person becomes a 25% controller, a 50% controller or a 75% controller, is entered into before the date of commencement of section 11(a).

Section 30B(3A) of the Electricity Act 2001 (as in force on the date of commencement of section 11(b)) does not apply if the transaction or series of transactions through which a person ceases to be a 50% controller or a 75% controller, is entered into before that date.

Section 63B(3) of the Gas Act 2001 does not apply if the transaction or series of transactions through which a person becomes a 25% controller, a 50% controller or a 75% controller, is entered into before the date of commencement of section 39(a).

Section 63B(3A) of the Gas Act 2001 (as in force on the date of commencement of section 39(b)) does not apply if the transaction or series of transactions through which a person ceases to be a 50% controller or a 75% controller, is entered into before that date.

Despite section 28(b), a gas importer’s licence that is granted or extended under section 7(3)(h) of the Gas Act 2001 (as in force immediately before the date of commencement of section 28(b)) and that remains in force immediately before that date, is treated as a gas importer’s licence (non‑central import) granted or extended under section 7(3)(h) of the Gas Act 2001 (as amended by section 28(b)).

For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe such additional provisions of a saving or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.