National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018

Administered by Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts

Legislation au F2018L00574 In force Legislative Instrument

Legislation content

National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018

made under subsection 18(6) of the

National Transmission Network Sale Act 1998

Compilation No. 1

Compilation date:   11 August 2018

Includes amendments up to: F2018L01107

Registered:    15 August 2018

 

About this compilation

This compilation

This is a compilation of the National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018 that shows the text of the law as amended and in force on 11 August 2018 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

1  Name

  This instrument is the National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018.

3  Authority

  This instrument is made under subsection 18(6) of the National Transmission Network Sale Act 1998.

4  Definitions

  In this instrument:

Act means National Transmission Network Sale Act 1998.

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) asset.

5  Exemption

  For the purposes of subsection 18(5) of the Act, the following asset is exempted from the operation of section 18 of the Act:

 (a) Folio Identifier: 1/740573 being Lot 1 in Deposited Plan 740573, County of Cumberland, Parish of St Luke;

being land situated at Wonga Road, Prestons, New South Wales that was identified as site number 2060 (Liverpool) in Part 1 of Schedule A to the declaration made under subsections 9(1) and (2) of the Act dated 27 April 1999 and published in the Gazette on 29 April 1999.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation “(md)” added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation “(md not incorp)” is added to the details of the amendment included in the amendment history.

 

Endnote 2—Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

    /sub‑subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev…) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

    effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

    effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub‑Ch = Sub‑Chapter(s)

    cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

    commenced or to be commenced

 

Endnote 3—Legislation history

 

Name

Registration

Commencement

Application, saving and transitional provisions

National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018

2 May 2018 (F2018L00574)

15 May 2018 (s 2)

 

National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Amendment Notice 2018

10 Aug 2018 (F2018L01107)

11 Aug 2018 (s 2)

—

 

Endnote 4—Amendment history

 

Provision affected

How affected

s 2.....................

rep LA s 48D

s 5.....................

am F2018L01107

 

Overview

The National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018 was made under subsection 18(6) of the National Transmission Network Sale Act 1998. This legislative instrument was enacted to provide an exemption from the restrictions on the transfer of certain assets under the Act, specifically targeting the asset at Wonga Road, Prestons, New South Wales identified as site number 2060 (Liverpool). The policy objective of this exemption notice is to facilitate the sale of the national transmission network by removing barriers to the transfer of the specified asset, thereby enabling the efficient privatisation of the transmission assets. The notice was registered on 2 May 2018 and commenced on 15 May 2018, with subsequent amendments registered on 10 August 2018 and commencing on 11 August 2018.

Scope and Application

The National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018 applies to a specific asset within the national transmission network sale framework, exempting it from certain restrictions on the transfer of assets as outlined in the National Transmission Network Sale Act 1998. The asset in question is Lot 1 in Deposited Plan 740573, situated at Wonga Road, Prestons, New South Wales, identified as site number 2060 (Liverpool). This exemption is specifically designed to facilitate the sale and transfer of this particular asset, which was originally identified in a declaration dated 27 April 1999. The geographic reach of this notice is confined to the Commonwealth of Australia, applying particularly within the state of New South Wales, where the asset is located. The exemption does not extend to other assets or regions unless explicitly stated in subsequent legislation or amendments. This notice operates under the authority granted by subsection 18(6) of the Act and may be further extended or modified through subordinate instruments, subject to the provisions and thresholds set out in the main Act. The notice does not explicitly state exclusions, but it is implied that the exemption applies solely to the specified asset and does not affect other assets or entities unless otherwise provided. The notice came into effect on 15 May 2018, as indicated by its registration on 2 May 2018 and subsequent amendments. Any further amendments or modifications to the notice are accessible on the Legislation Register and will be reflected in future compilations. The notice’s application is strictly within the bounds set by the parent Act and any relevant subordinate legislation or regulations.

Key Provisions

The National Transmission Network Sale (Exemption from Restrictions on Transfer of Assets—Liverpool) Notice 2018 (the Notice) (sections 2–5) provides an exemption from the restrictions on the transfer of assets under the National Transmission Network Sale Act 1998 (the Act). Specifically, it exempts a particular asset—Lot 1 in Deposited Plan 740573, County of Cumberland, Parish of St Luke, located at Wonga Road, Prestons, New South Wales—from the operation of section 18 of the Act. This exemption allows for the transfer of this specific asset despite the general restrictions on asset transfer imposed by the Act. Entities or parties involved in the transfer of the specified asset must ensure compliance with the exemption provided by the Notice. This involves adhering to the defined parameters and conditions set forth by the Act, including any additional requirements that may apply to the transfer of the asset. Proper documentation and adherence to the legislative framework are essential to validate the transfer under the exemption granted by the Notice. Violation of the provisions of the Act or failure to comply with the requirements of the Notice may lead to legal consequences. While the Notice itself does not explicitly state specific penalties, breaches of the Act could result in penalties as prescribed under the Act. The Act provides for civil and criminal penalties for non-compliance, including fines and potential imprisonment, depending on the severity and nature of the breach. It is important for all parties involved in the transfer of the specified asset to be fully aware of their obligations under the Act and the Notice. This includes understanding the scope of the exemption, ensuring all necessary documentation is in order, and complying with any additional requirements that may be applicable. Failure to do so could result in legal action, including potential fines or imprisonment as stipulated in the Act.

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.