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In forceAs enacted

Subsidiary Legislation

Electricity (Control of Designated Electricity Licensees, etc., under Part 4A — Exemption) Order 2025

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reg 1Citation and commencement

This Order is the Electricity (Control of Designated Electricity Licensees, etc., under Part 4A — Exemption) Order 2025 and comes into operation on 1 July 2025.

reg 2Exempted transactions

(1)

Section 30B(1) of the Act does not apply to a designated electricity licensee, a designated entity or the trustee-manager of a designated business trust in relation to a pro forma change.

(2)

Section 30B(3) of the Act does not apply to any person who enters into any transaction which is a pro forma change.

(3)

In this paragraph, “pro forma change” means any transaction between a person and the person’s associate that results in the transfer to either of them of any equity interest in a designated electricity licensee, a designated entity or a designated business trust, without any change to the percentage of equity interest held by the person in the licensee, the entity or the business trust immediately before the transaction is made.IllustrationThe transfer by a corporation (A) of equity interest held by A in a designated electricity licensee to a wholly-owned subsidiary of A constitutes a pro forma change.

Subregulation 1

Section 30B(1) of the Act does not apply to a designated electricity licensee, a designated entity or the trustee-manager of a designated business trust in relation to a pro forma change.

Subregulation 2

Section 30B(3) of the Act does not apply to any person who enters into any transaction which is a pro forma change.

Subregulation 3

In this paragraph, “pro forma change” means any transaction between a person and the person’s associate that results in the transfer to either of them of any equity interest in a designated electricity licensee, a designated entity or a designated business trust, without any change to the percentage of equity interest held by the person in the licensee, the entity or the business trust immediately before the transaction is made.IllustrationThe transfer by a corporation (A) of equity interest held by A in a designated electricity licensee to a wholly-owned subsidiary of A constitutes a pro forma change.