Homeโ€บBillsโ€บBill 224

๐Ÿ“œ Electricity Industry Amendment Bill 2007

Assented toLABill 22415 August 2007

This Bill amends the Electricity Industry Act 2004 to allow regulations that exempt the Wholesale Electricity Market in Western Australia from licensing requirements under Chapter 7 of the Commonwealth Corporations Act 2001.

Impact

Electricity market participants in Western Australia are affected. It aims to reduce costs and barriers to entry in the Wholesale Electricity Market by providing certainty regarding licensing requirements.

Key Changes

["Allows regulations to exempt the Wholesale Electricity Market from Chapter 7 of the Corporations Act 2001 (Commonwealth).", "Inserts section 134 into the Electricity Industry Act 2004.", "Defines 'matter' and 'market rules' within the context of the exemption."]

Parliamentary Progress

  1. LA IntroducedLA15 Aug 2007
  2. LA Second Reading MovedLA15 Aug 2007
  3. LA Second Reading AgreedLA13 Nov 2007
  4. LA Third ReadingLA13 Nov 2007
  5. LC Second Reading MovedLC15 Nov 2007
  6. LC Second Reading AgreedLC6 Dec 2007
  7. LC Third ReadingLC6 Dec 2007
  8. Royal Assent21 Dec 2007
Affected Sectors
utilitiesfinance

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